47 U.S.C. § 547 — Conditions of sale
submitted 92 years ago by Pub. L. 98-549 to r/title-47-TELECOMMUNICATIONS · 191 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
If a renewal of a franchise* held by a cable operator* is denied and the franchising authority* acquires ownership of the cable system* or effects a transfer of ownership of the system to another person*, any such acquisition or transfer shall be—
at fair market value, determined on the basis of the cable system valued as a going concern but with no value allocated to the franchise itself, or
in the case of any franchise existing on the effective date of this subchapter, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer.
If a franchise held by a cable operator is revoked for cause and the franchising authority acquires ownership of the cable system or effects a transfer of ownership of the system to another person, any such acquisition or transfer shall be—
at an equitable price, or
in the case of any franchise existing on the effective date of this subchapter, at a price determined in accordance with the franchise if such franchise contains provisions applicable to such an acquisition or transfer.
Source credit: (June 19, 1934, ch. 652, title VI, § 627, as added Pub. L. 98–549, § 2, Oct. 30, 1984, 98 Stat. 2793.)
- 1934Enacted · Pub. L. 98-549 · 98 Stat. 2793
A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-549 on 1934-06-19.
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