Section 37-4-106 Merger or consolidation. - Alabama Statutes

Section 37-4-106

Merger or consolidation.

No radio utility shall combine, merge or consolidate with, or acquire control of, another organization without first obtaining the approval of the commission, which shall be granted only after hearing and finding that such proposed combination, merger, consolidation or acquisition is in the public interest.

(Acts 1971, No. 1595, p. 2733, §7.)