Okla. Admin. Code § 165:75-3-7

Current through Vol. 42, No. 7, December 16, 2024

Section 165:75-3-7 - Change of ownership-lease

(a) No corporation, company, firm, or individual in this State shall sell, or lease nor shall any corporation, company, firm, or individual buy or lease, or otherwise change ownership or control of a cotton gin utility without first securing written permission and authority from this Commission.

(b) Applicant seeking authority for change of ownership or control shall show the following primary factors:

(1) Name of gin and location;

(2) Name and address of seller or lessor;

(3) Name and address of purchaser or lessee;

(4) Name under which gin will operate;

(5) Financial responsibility of purchaser or lessee; and

(6) Willingness of purchaser or lessee to abide by the Cotton Gin Utilities rules and regulations as set forth in this Chapter.

Okla. Admin. Code § 165:75-3-7