[Code of Federal Regulations]
[Title 18, Volume 1]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 18CFR153.9]

[Page 469]
 
           TITLE 18--CONSERVATION OF POWER AND WATER RESOURCES
 
  CHAPTER I--FEDERAL ENERGY REGULATORY COMMISSION, DEPARTMENT OF ENERGY
 
PART 153_APPLICATIONS FOR AUTHORIZATION TO CONSTRUCT, OPERATE, OR MODIFY 
FACILITIES USED FOR THE EXPORT OR IMPORT OF NATURAL GAS--Table of Contents
 
                  Subpart B_Application Under Section 3
 
Sec. 153.9  Transferability.

    (a) Non-transferable. Authorizations under subpart B of this part 
and section 3 of the Natural Gas Act and related facilities shall not be 
transferable or assignable without prior Commission authorization.
    (b) Involuntary transfer. A Commission order granting such 
authorization shall continue in effect temporarily for a reasonable time 
in the event of the involuntary transfer of facilities used thereunder 
by operation of law (including such transfers to receivers, trustees, or 
purchasers under foreclosure or judicial sale) pending the making of an 
application for permanent authorization and decision thereon, provided 
notice is promptly given in writing to the Commission accompanied by a 
statement that the physical facts relating to operations of the 
facilities remain substantially the same as before the transfer and as 
stated in the initial application for such authorization.