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73.865: Difference between revisions
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(d) ''Board changes.'' Notwithstanding the other provisions in this section, transfers of control involving a sudden or gradual change of more than 50 percent of an LPFM's governing board are not prohibited, provided that the mission of the entity remains the same and the requirements of paragraph (a) of this section are satisfied. Sudden majority board changes shall be submitted as a ''pro forma'' ownership change within 30 days of the change or final event that caused the LPFM permittee or licensee to exceed the 50 percent threshold. | (d) ''Board changes.'' Notwithstanding the other provisions in this section, transfers of control involving a sudden or gradual change of more than 50 percent of an LPFM's governing board are not prohibited, provided that the mission of the entity remains the same and the requirements of paragraph (a) of this section are satisfied. Sudden majority board changes shall be submitted as a ''pro forma'' ownership change within 30 days of the change or final event that caused the LPFM permittee or licensee to exceed the 50 percent threshold. | ||
{{SubpartG}} | |||
[[Category:Subpart G]] | |||