No telephone utility, without the approval of the Commission after due hearing and compliance with all other existing requirements of the laws of the State in relation thereto, may sell, transfer, lease, consolidate, or merge its property, powers, franchises, or privileges or any of them; provided, however, that a telephone cooperative association may acquire or incorporate a subsidiary corporation or a subsidiary cooperative association without the approval of the Commission. HISTORY: 1962 Code Section 58-381; 1952 Code Section 58-381; 1950 (46) 2466; 1983 Act No. 67 Section 3, eff May 26, 1983.
South Carolina Legal Code