Upon the foreclosure or other judicial sale of all or a part of a system, a grantee shall notify the grantor of such fact and such notification shall be treated as a notification that a change in control of the grantee has taken place, and the provisions of this chapter governing the consent to transfer or change in ownership shall apply without regard to how such transfer or change in ownership occurred.
(1996 Code, § 110.110) (Ord. passed 11-20-2000)