Any provision of this division to the contrary notwithstanding, any not-for-profit corporation or other not-for-profit entity owning, operating, leasing or controlling any plant, property or facility for the supply, storage, distribution or furnishing to or for the public of water for manufacturing, municipal, domestic or other uses, may sell, convey, lease or otherwise dispose of any or all of such plant, property, or facility, and its other properties, including without limitation any franchises, rights, contracts, business, good will and all other assets, to any public authority or corporation that is organized under the laws of Alabama and that is empowered to own, operate, lease or control such plant, property or facility, all without the necessity of any approval or consent of the Public Service Commission.
Structure Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 4 - Public Utilities Other Than Transportation Companies or Motor Vehicle Carriers.
Article 2 - Property and Franchises.
Division 1 - Sale of Lease in General
Section 37-4-40 - Right to Sell or Lease Property.
Section 37-4-41 - Approval by Commission - Generally.
Section 37-4-42 - Approval by Commission - Property Located Within Single Municipality.
Section 37-4-43 - Otherwise Legal Sales, etc., Not Affected.
Section 37-4-44 - Sale of Property in Interstate Commerce Contrary to Federal Law Not Authorized.