§ 5-205

Maryland § 5-205

• Jurisdiction: Maryland
• Article gpu: Public Utilities
• Title: 5

Text

(a) Without prior authorization of the Commission, a person may not transfer a controlling interest in a water company or sewage disposal company to another person.

(b) The Commission may authorize the transfer of a controlling interest in a water company or sewage disposal company if the Commission finds that the transfer is consistent with the public convenience and necessity.