Code of Federal Regulations (alpha)

CFR /  Title 27  /  Part 478  /  Sec. 478.51 License not transferable.

Licenses issued under this part are not transferable. In the event of the lease, sale, or other transfer of the operations authorized by the license, the successor must obtain the license required by this part prior to commencing such operations. However, for rules on right of succession, see Sec. 478.56.