§  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 § § 73.855 and 73.860, in accordance with the provisions of
   § 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.