§ 23-3-101 - Organization or reorganization. - Arkansas Statutes

23-3-101. Organization or reorganization.

(a) Organizations or reorganizations of all public utilities shall be subject to the supervision and control of the Arkansas Public Service Commission or the Arkansas Transportation Commission [abolished].

(b) (1) No organization or reorganization shall be had or given effect without the written approval of the commission.

(2) No plan of organization or reorganization shall be approved by the commission unless it shall be established by the applicant for approval that the plan is consistent with the public interest.