[Code of Federal Regulations]
[Title 47, Volume 4]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR78.35]

[Page 763-764]
 
                       TITLE 47--TELECOMMUNICATION
 
                         COMMISSION (CONTINUED)
 
PART 78_CABLE TELEVISION RELAY SERVICE--Table of Contents
 
                   Subpart B_Applications and Licenses
 
Sec.  78.35  Assignment or transfer of control.

    (a) No assignment of the license of a cable television relay station 
or transfer of control of a CARS licensee shall occur without prior FCC 
authorization.

[[Page 764]]

    (b) If an assignment or transfer of control does not involve a 
substantial change of interests, the provisions of Sec. Sec.  78.20(c) 
and 78.22, concerning public notice and objections, shall be waived.
    (c) Licensees of CARS stations are not required to submit 
applications for assignment or transfer of control or otherwise notify 
the FCC in cases where the change in ownership does not affect the 
identity or controlling interest of the licensee.
    (d) If an assignment or transfer of control involves a substantial 
change of interest, and requires prior FCC approval, the CARS licensee 
is required to file FCC Form 327 with the Commission.
    (e) Licensees are required to notify the Commission of consummation 
of an approved transfer or assignment. The assignee or transferee is 
responsible for providing this notification, including the date the 
transaction was consummated. The transaction must be consummated and 
notification provided to the Commission within 60 days of public notice 
of approval, and notification of consummation must occur no later than 
30 days after actual consummation, unless a request for an extension of 
time to consummate is filed.

[37 FR 15927, Aug. 8, 1972, as amended at 50 FR 23421, June 4, 1985; 68 
FR 27004, May 19, 2003]

    Effective Date Note: At 68 FR 27004, May 19, 2003, Sec.  78.35 was 
amended by adding paragraphs (d) and (e). These paragraphs contain 
information collection and recordkeeping requirements and will not 
become effective until approval has been given by the Office of 
Management and Budget.