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47 U.S.C. § 547 - U.S. Code - Unannotated Title 47. Telecommunications § 547. Conditions of sale

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) 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--

(1) 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

(2) 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.

(b) 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--

(1) at an equitable price, or

(2) 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.

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Cite this article: FindLaw.com - 47 U.S.C. § 547 - U.S. Code - Unannotated Title 47. Telecommunications § 547. Conditions of sale - last updated January 01, 2024 | https://codes.findlaw.com/us/title-47-telecommunications/47-usc-sect-547/

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