Section 484.2303 - Effect of sale or transfer of stock; addition, elimination, or modification of area code; prohibition; bankruptcy(1) The sale or transfer of shares of stock of a provider of basic local exchange service is not a sale or transfer of a license or a discontinuance of service.(2) The commission has the authority to approve or deny a proposed addition, elimination, or modification of an area code in this state. The commission shall give public notice and shall conduct a public hearing in the affected geographic area before an addition, elimination, or modification of an area code is made in this state.(3) A license issued under this act is not transferable to an unlicensed provider.(4) In case of the bankruptcy of a licensed provider, the commission shall establish the procedures for the transfer of the license to another qualified provider.Amended by 2011, Act 58,s 9, eff. 6/14/2011.Amended by 2005, Act 235, s 18, eff. 11/22/2005.1991, Act 179, Eff. 1/1/1992 ;--Am. 1995, Act 216, Imd. Eff. 11/30/1995 ;--Am. 2000, Act 295, Imd. Eff. 7/17/2000.