Sec.  73.858   Attribution of LPFM station interests.

   Ownership and other interests in LPFM station permittees and licensees will
   be attributed to their holders and deemed cognizable for the purposes of
    Sec.  Sec. 73.855 and 73.860, in accordance with the provisions of  Sec. 73.3555, subject
   to the following exceptions:

   (a) A director of an entity that holds an LPFM license will not have such
   interest treated as attributable if such director also holds an attributable
   interest in a broadcast licensee or other media entity but recuses himself
   or herself from any matters affecting the LPFM station.

   (b) A local chapter of a national or other large organization shall not have
   the attributable interests of the national organization attributed to it
   provided that the local chapter is separately incorporated and has a
   distinct local presence and mission.

   (c) A parent or subsidiary of a LPFM licensee or permittee that is a
   non-stock corporation will be treated as having an attributable interest in
   such corporation. The officers, directors, and members of a non-stock
   corporation's governing body and of any parent or subsidiary entity will
   have such positional interests attributed to them.