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U.S. Code as of:
01/19/04
Section 537. Sales of cable systems
A franchising authority shall, if the franchise requires
franchising authority approval of a sale or transfer, have 120 days
to act upon any request for approval of such sale or transfer that
contains or is accompanied by such information as is required in
accordance with Commission regulations and by the franchising
authority. If the franchising authority fails to render a final
decision on the request within 120 days, such request shall be
deemed granted unless the requesting party and the franchising
authority agree to an extension of time.
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