§ 24.839   Transfer of control or assignment of license.

   (a) 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:

   (1) The application for assignment or transfer of control is filed
   after five years from the date of the initial license grant; or

   (2) 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

   (3) 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

   (4) 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

   (5) The assignment or transfer of control is pro forma; or

   (6) 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.

   (b) 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.

   [ 63 FR 68953 , Dec. 14, 1998; as amended at  65 FR 53638 , Sept. 5, 2000]

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