§  73.1150   Transferring a station.

   (a) In transferring a broadcast station, the licensee may retain no
   right of reversion of the license, no right to reassignment of the
   license in the future, and may not reserve the right to use the
   facilities of the station for any period whatsoever.

   (b) No license, renewal of license, assignment of license or transfer
   of control of a corporate licensee will be granted or authorized if
   there is a contract, arrangement or understanding, express or implied,
   pursuant to which, as consideration or partial consideration for the
   assignment or transfer, such rights, as stated in paragraph (a) of this
   section, are retained.

   (c) Licensees and/or permittees authorized to operate in the 535-1605
   kHz and in the 1605-1705 kHz band pursuant to the Report and Order in
   MM Docket No. 87-267 will not be permitted to assign or transfer
   control of the license or permit for a single frequency during the
   period that joint operation is authorized.

   (d) Authorizations awarded pursuant to the noncommercial educational
   point system in subpart K are subject to the holding period in
   § 73.7005. Applications for an assignment or transfer filed prior to
   the end of the holding period must demonstrate the factors enumerated
   therein.

   [ 44 FR 58720 , Oct. 11, 1979, as amended at  56 FR 64872 , Dec. 12, 1991;
    65 FR 36378 , June 8, 2000]