§ 547. Conditions of sale
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/usc/title-47/section-547A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(June 19, 1934, ch. 652, title VI, § 627, as added Pub. L. 98–549, § 2, Oct. 30, 1984, 98 Stat. 2793.)
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Cited by 10 sections
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- Public Law 102–385To amend the Communications Act of 1934 to provide increased consumer protection and to promote increased competition in the cable television and related markets, and for other purposes
- Public Law 98–549To amend the Communications Act of 1934 to provide a national policy regarding cable television
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U.S. Code
4 references not yet in our index
- June 19, 1934, ch. 652
- Pub. L. 98–549, § 2
- 98 Stat. 2793
- section 9(a) of Pub. L. 98–549
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§ 547
Conditions of sale
Bills×7
Stat.×2
Stat. Comp.×1
ActJune 19, 1934, ch. 652
Pub. L.Pub. L. 98–549, § 2
Stat.98 Stat. 2793
Pub. L.section 9(a) of Pub. L. 98–549
Cites 5Cited by 10 across 3 sources