Goto Section: 25.118 | 25.120 | Table of Contents
FCC 25.119
Revised as of October 2, 2015
Goto Year:2014 |
2016
§ 25.119 Assignment or transfer of control of station authorization.
(a) You must file an application for Commission authorization before you can
transfer, assign, dispose of (voluntarily or involuntarily, directly or
indirectly, or by transfer of control of any corporation or any other
entity) your station license or accompanying rights. The Commission will
grant your application only if it finds that doing so will serve the public
interest, convenience and necessity.
(b) For purposes of this section, transfers of control requiring Commission
approval shall include any and all transactions that:
(1) Change the party controlling the affairs of the licensee, or
(2) Effect any change in a controlling interest in the ownership of the
licensee, including changes in legal or equitable ownership.
(c) Assignment of license. You must submit an FCC Form 312, Main Form and
Schedule A to voluntarily assign (e.g., as by contract or other agreement)
or involuntarily assign (e.g., as by death, bankruptcy, or legal disability)
your station authorization. You must file these forms electronically through
IBFS.
(d) Transfer of control of corporation holding license. If you want to
transfer control of a corporation, which holds one or more licenses
voluntarily or involuntarily (de jure or de facto), you must submit an FCC
Form 312, Main Form and Schedule A. You must file these forms electronically
through IBFS. For involuntary transfers, you must file your application
within 10 days of the event causing the transfer of control. You can also
use FCC Form 312, Main Form and Schedule A for non-substantial (pro forma)
transfers of control.
(e) Whenever a group of station licenses in the same radio service for the
same class of facility licensed to the same entity is to be assigned or
transferred to a single assignee or transferee, a single application may be
filed to cover the entire group, if the application identifies in an exhibit
each station by call sign, station location and expiration date of license.
(f) Assignments and transfers of control shall be completed within 180 days
from the date of authorization. Within 30 days of consummation, the
Commission shall be notified by letter of the date of consummation and the
file numbers of the applications involved in the transaction.
(g) The Commission retains discretion in reviewing assignments and transfers
of control of space station licenses to determine whether the initial
license was obtained in good faith with the intent to construct a satellite
system.
[ 56 FR 24016 , May 20, 1991; 56 FR 29757 , June 20, 1991. Redesignated and
amended at 62 FR 5928 , 5929, Feb. 10, 1997; 68 FR 51503 , Aug. 27, 2003; 69 FR 29901 , May 26, 2004; 78 FR 8421 , Feb. 6, 2013; 79 FR 51264 , Aug. 28,
2014]
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Goto Section: 25.118 | 25.120
Goto Year: 2014 |
2016
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