§ 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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