Sec. 95.821  Application for transfer of control.

    If an IVDS system licensee agrees to a change in control of the 
station, the holder must request Commission consent for change of 
control by filing a Form 703. The licensee shall mail the request, 
together with the filing fee, to the address specified in Sec. 1.1102 of 
this chapter. The document granting such consent must be kept as part of 
the IVDS system authorization. An applicant for voluntary transfer of 
control or assignment under this section where the subject license was 
acquired by the transferor or assignor through a system of random 
selection shall, together with its application for transfer of control 
or assignment, file with the Commission the associated contracts for 
sale, option agreements, management agreements, or other documents 
disclosing the total consideration that the applicant would receive in 
return for the transfer or assignment of its license. This information 
should include not only a monetary purchase price, but also any future, 
contingent, in-kind, or other consideration (e.g., management or 
consulting contracts either with or without an option to purchase; 
below-market financing).
[ 48 FR 35237 , Aug. 3, 1983, as amended at  59 FR 9102 , Feb. 25, 1994]

                           System Requirements