§24.839. Transfer of control or assignment of license.
47 C.F.R. § 24.839
Restrictions on Assignments and Transfers of Licenses for Frequency Blocks C and F won in closed bidding. No assignment or transfer of control of a license for frequency Block C or frequency Block F won in closed bidding pursuant to the eligibility requirements of § 24.709 will be granted unless:
The application for assignment or transfer of control is filed after five years from the date of the initial license grant; or
The proposed assignee or transferee meets the eligibility criteria set forth in § 24.709 of this part at the time the application for assignment or transfer of control is filed, or the proposed assignee or transferee holds other license(s) for frequency blocks C and F and, at the time of receipt of such license(s), met the eligibility criteria set forth in § 24.709 of this part; or
The application is for partial assignment of a partitioned service area to a rural telephone company pursuant to § 24.714 of this part and the proposed assignee meets the eligibility criteria set forth in § 24.709 of this part; or
The application is for an involuntary assignment or transfer of control to a bankruptcy trustee appointed under involuntary bankruptcy, an independent receiver appointed by a court of competent jurisdiction in a foreclosure action, or, in the event of death or disability, to a person or entity legally qualified to succeed the deceased or disabled person under the laws of the place having jurisdiction over the estate involved; provided that, the applicant requests a waiver pursuant to this paragraph; or
The assignment or transfer of control is pro forma; or
The application for assignment or transfer of control is filed on or after the date the licensee has notified the Commission pursuant to § 24.203(c) that its five-year construction requirement has been satisfied.
If the assignment or transfer of control of a license is approved, the assignee or transferee is subject to the original construction requirement of § 24.203 of this part.
Notes, amendments, and revision history
Amendments
[63 FR 68953, Dec. 14, 1998, as amended at 65 FR 53638, Sept. 5, 2000]
Source
Source: 59 FR 37610, July 22, 1994, unless otherwise noted.
Authority
Authority: 47 U.S.C. 154, 301, 302a, 303, 309 and 332.
Source
Source: 58 FR 59183, Nov. 8, 1993, unless otherwise noted. Redesignated at 59 FR 18499, Apr. 19, 1994.
Amendments
[63 FR 68953, Dec. 14, 1998, as amended at 65 FR 53638, Sept. 5, 2000]