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3.16.071. Events of sale

            The following events shall be deemed to be a sale, assignment, or other transfer of the franchise requiring compliance with Section 3.16.070: (i) the sale, assignment, or other transfer of all or a majority of a provider's assets to another person; (ii) the sale, assignment, or other transfer of capital stock or partnership, membership, or other equity interests in a provider by one or more of its existing shareholders, partners, members, or other equity owners so as to create a new controlling interest in a provider; (iii) the issuance of additional capital stock or partnership, membership, or other equity interest by a provider so as to create a new controlling interest in such a provider; or (iv) the entry by a provider into an agreement with respect to the management or operation of such provider or its system.


Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 97-62, Enacted, 10/16/1997

Municipal Code (PDF Format)



 
 
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