§24D-1-12. Transfer of cable franchise.
(a) No cable system and no cable franchise, including any
system without a franchise and any franchise in existence on the
effective date of this chapter, may be assigned, sold, or
transferred, including a transfer of control of any cable system,
whether by change in ownership or otherwise, except upon written
application to and approval of the appropriate franchising
authority or authorities. For purposes of this section "transfer
of control" means a transfer of the majority interest, either
directly or indirectly, in the entity holding the cable franchise.
The form of the application for transfer shall be prescribed by the
(b) Notice provisions may be prescribed by the commission for
encumbrances creating potential transfers.
(c) The procedure for consideration of any transfer under the
provisions of this section shall conform, as nearly as possible, to
the procedures prescribed in sections six and seven of this article
for the consideration of issuing cable franchises, including the
application fee therefor.
(d) Except as otherwise provided in this section, the
franchising authority shall have exclusive authority regarding the
approval of transfers of cable franchises.