54-4-29. Acquiring voting stock or securities of like utility only on consent of
commission.
Hereafter no public utility shall purchase or acquire any of the voting securities or the
secured obligations of any other public utility engaged in the same general line of business
without the consent and approval of the Public Service Commission, which shall be granted only
after investigation and hearing and finding that such purchase and acquisition of such securities,
or obligations, will be in the public interest.
Amended by Chapter 9, 2001 General Session
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Last revised: Thursday, May 28, 2009