Texas Code § 54.255

TRANSFER OF CERTAIN CERTIFICATES
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Sec. 54.255. TRANSFER OF CERTAIN CERTIFICATES. (a) A telecommunications utility may sell, assign, or lease a certificate of convenience and necessity or a certificate of operating authority or a right obtained under such a certificate if the commission determines that the purchaser, assignee, or lessee can provide adequate service.
(b) The sale, assignment, or lease of a certificate or a right is subject to conditions the commission prescribes.

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