Section 49-31-20 - Merger, consolidation, or transfer of stock or other ownership interests--Notification

49-31-20. Merger, consolidation, or transfer of stock or other ownership interests--Notification.Any telecommunications company that holds a certificate of authority to operate in this state shall notify the commission of any consolidation or merger or transfer of stock or other ownership interests that will result in a different person then owning more than fifty percent of the company's stock or ownership interests. Source: SDC 1939, §52.1312; SL 1951, ch 259; SL 1987, ch 345, §67; SL 1988, ch 375, §24; SL 1992, ch 328, §28; SL 1998, ch 274, §21; SL 2005, ch 245, §1.