Sec. 24.429  Ownership changes and agreements to amend or to dismiss 
          applications or pleadings.

    (a) Applicability. Subject to the provisions of 47 CFR 1.2105 
(Bidding Application and Certification Procedures; Prohibition of 
Collusion), this section applies to applicants and all other parties 
interested in pending applications who wish to resolve contested matters 
among themselves with a formal or an informal agreement or 
understanding. This section applies only when the agreement or 
understanding will result in:
    (1) A major change in the ownership of an applicant to which 
Secs. 24.423(c) and 24.423(g) apply or which would cause the applicant 
to lose its status as a designated entity under Sec. 24.309, or
    (2) The individual or mutual withdrawal, amendment or dismissal of 
any pending application, amendment, petitioner or other pleading.
    (b) If the amendment would, if granted, cause the applicant to lose 
its status as a designated entity under Sec. 24.309, the applicant must 
comply with the obligations imposed by Sec. 24.309 (Designated Entities) 
and Sec. 1.2111 (Assignment of transfer of control; unjust enrichment) 
before the amendment will be granted.
    (c) The provisions of 47 CFR 22.927 will apply in the event of the 
individual or mutual withdrawal, amendment or dismissal of any pending 
application, amendment, petitioner or other pleading.
[ 59 FR 26749 , May 24, 1994;  59 FR 37164 , July 21, 1994, as amended at  59 FR 44072 , Aug. 26, 1994]