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The following events shall be deemed to be a sale, assignment, or other transfer of the franchise requiring compliance with Section 20-5-701:

(1) The sale, assignment, or other transfer of all or a majority of a provider's assets to another person;

(2) 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;

(3) 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

(4) The entry by a provider into an agreement with respect to the management or operation of such provider or its system.

(Ord. No. 97-74 Enacted 12/29/1997)