Sec. 2.935  Change in control of grantee.

    In the case of a transfer of control of the grantee of an equipment 
authorization, as in the case of sale or merger of the grantee, notice 
of such transfer must be received by the Commission not later than 60 
days subsequent to the consummation of the agreement effecting the 
transfer of control. Depending on the circumstances in each case, the 
Commission may require new applications for equipment authorization for 
each device or equipment held by the predecessor in interest, production 
of which will be continued by the acquiring party.