Alaska Stat. § 42.06.305

Current through Chapter 3 of the 2024 Legislative Session
Section 42.06.305 - Transfer of operating authority
(a) Operating authority may not be transferred by sale or lease of the certificate or by the sale of substantially all of the stock or assets of a pipeline carrier holding a certificate without the prior approval of the commission. A transfer not involving a substantial change in ownership shall be summarily approved.
(b) The commission's decision under this section shall be based on the best interest of the public.

AS 42.06.305