Disposal without authorization void—Approval or denial within eleven months, extension permitted.

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(1) Any such sale, lease, assignment, or other disposition, merger or consolidation made without authority of the commission shall be void.

(2) The commission shall enter an order approving or denying a transaction under RCW 80.12.020 or 80.12.040 within eleven months of the date of filing, which the commission may extend up to four months for cause.

[ 2009 c 24 § 4; 1961 c 14 § 80.12.030. Prior: 1941 c 159 § 3; Rem. Supp. 1941 § 10440c.]

NOTES:

Finding—2009 c 24: See note following RCW 80.12.010.


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