If the PSC no longer exists, or if its regulations or state law no longer require approval of transactions described in section 8-1-350 of this chapter, then the following events shall be deemed to be a sale, assignment or other transfer of the franchise requiring compliance with section 8-1-350 of this chapter:
A. The sale, assignment or other transfer of all or a majority of a provider's assets to another person;
B. 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;
C. 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
D. The entry by a provider into an agreement with respect to the management or operation of such provider or its system. (Ord. 247, 9-2-1997)