47-U.S.C.-547
§547 – Conditions of Sale
Pathway
Title 47 > Chapter 5 > Subchapter V-A > Part III > Section 547
Details
- Reference: Section 547
- Legend: §547 – Conditions of Sale
- USCode Year: 2013
Provision Content
(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.)
References in Text
For the effective date of this subchapter, referred to in subsecs. (a)(2) and (b)(2), as 60 days after Oct. 30, 1984, except where otherwise expressly provided, see section 9(a) of Pub. L. 98–549, set out as an Effective Date note under section 521 of this title.
Effective Date
Section effective 60 days after Oct. 30, 1984, except where otherwise expressly provided, see section 9(a) of Pub. L. 98–549, set out as a note under section 521 of this title.
U.S. Encyclopedia of Law Coverage
Part II – Use of Cable Channels and Cable Ownership Restrictions in the Legal Encyclopedia: Wire or Radio Communication
In this entry about Part II – Use of Cable Channels and Cable Ownership Restrictions, find legal reference material, bibliographies and premiere content related to wire or radio communication in the American Encyclopedia of Law, presenting a comprehensive view of the United States wire or radio communication-specific issues, written by authorities in the field.
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