Md. Code, Public Utilities § 5-205
This is the official text of Md. Code, Public Utilities § 5-205, part of Maryland’s Code, Public Utilities — regulates utility companies.
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§5–205.
Official statutory 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.
(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.
Status: in_force · Read it on the official government site
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