FCC 73.865 Revised as of December 4, 2012
Goto Year:2011 |
§ 73.865 Assignment and transfer of LPFM licenses.
(a) Assignment/Transfer: No party may assign or transfer an LPFM
(1) Consideration promised or received exceeds the depreciated fair
market value of the physical equipment and facilities; and/or
(2) The transferee or assignee is incapable of satisfying all
eligibility criteria that apply to a LPFM licensee.
(b) A change in the name of an LPFM licensee where no change in
ownership or control is involved may be accomplished by written
notification by the licensee to the Commission.
(c) Holding period: A license cannot be transferred or assigned for
three years from the date of issue, and the licensee must operate the
station during the three-year holding period.
(d) No party may assign or transfer an LPFM construction permit at any
(e) Transfers of control involving a sudden change of more than 50
percent of an LPFM's governing board shall not be deemed a substantial
change in ownership or control, subject to the filing of an FCC Form
[ 73 FR 3216 , Jan. 17, 2008]
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