Any telecommunications company that holds a certificate of authority to operate in this state shall notify the commission of any consolidation or merger or transfer of stock or other ownership interests that will result in a different person then owning more than fifty percent of the company's stock or ownership interests.

Source: SDC 1939, § 52.1312; SL 1951, ch 259 ; SL 1987, ch 345 , § 67; SL 1988, ch 375 , § 24; SL 1992, ch 328 , § 28; SL 1998, ch 274 , § 21; SL 2005, ch 245 , § 1.