(a) No corporation, company, firm, or individual in this State shall sell, or lease nor shall any corporation, company, firm, or individual buy or lease, or otherwise change ownership or control of a cotton gin utility without first securing written permission and authority from this Commission.
(b) Applicant seeking authority for change of ownership or control shall show the following primary factors:
(1) Name of gin and location;
(2) Name and address of seller or lessor;
(3) Name and address of purchaser or lessee;
(4) Name under which gin will operate;
(5) Financial responsibility of purchaser or lessee; and
(6) Willingness of purchaser or lessee to abide by the Cotton Gin Utilities rules and regulations as set forth in this Chapter.