16 U.S.C. § 801 : US Code - Section 801: Transfer of license; obligations of transferee

Search 16 U.S.C. § 801 : US Code - Section 801: Transfer of license; obligations of transferee

No voluntary transfer of any license, or of the rights thereunder
granted, shall be made without the written approval of the
commission; and any successor or assign of the rights of such
licensee, whether by voluntary transfer, judicial sale, foreclosure
sale, or otherwise, shall be subject to all the conditions of the
license under which such rights are held by such licensee and also
subject to all the provisions and conditions of this chapter to the
same extent as though such successor or assign were the original
licensee under this chapter: Provided, That a mortgage or trust
deed or judicial sales made thereunder or under tax sales shall not
be deemed voluntary transfers within the meaning of this section.