ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

16 U.S.C. § 801Transfer of license; obligations of transferee

submitted 106 years ago by ch. 285 to r/title-16-CONSERVATION · 120 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section governs transfer of a water-power license and the transferee’s obligations. It states the conditions and continuing responsibilities.

No voluntary transfer of any license, or of the rights thereunder granted, must be made without the written approval of the commission; and any successor or assign of the rights of such licensee, whether by voluntary transfer, judicial sale, foreclosure sale, or otherwise, must be subject to all the conditions of the license under which such rights are held by such licensee and also subject to all the provisions and conditions of this chapter to the same extent as though such successor or assign were the original licensee under this chapter: Provided , That a mortgage or trust deed or judicial sales made thereunder or under tax sales must not be treated voluntary transfers within the meaning of this section.
the actual law source: uscode.house.gov ↗public domain

No voluntary transfer of any license, or of the rights thereunder granted, shall be made without the written approval of the commission; and any successor or assign of the rights of such licensee, whether by voluntary transfer, judicial sale, foreclosure sale, or otherwise, shall be subject to all the conditions of the license under which such rights are held by such licensee and also subject to all the provisions and conditions of this chapter to the same extent as though such successor or assign were the original licensee under this chapter: Provided, That a mortgage or trust deed or judicial sales made thereunder or under tax sales shall not be deemed voluntary transfers within the meaning of this section.

Source credit: (June 10, 1920, ch. 285, pt. I, § 8, 41 Stat. 1068; renumbered pt. I, Aug. 26, 1935, ch. 687, title II, § 212, 49 Stat. 847.)

history & why it existsrecord from the source credit
  • 1920Enacted · Act of June 10, 1920, ch. 285 · 41 Stat. 1068
  • 1935Amended · Act of Aug. 26, 1935, ch. 687 · 49 Stat. 847

A history note hasn’t been published yet. The record shows enactment by ch. 285 on 1920-06-10.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case