§ 8-88. Foreclosure.  


Latest version.
  • Upon the foreclosure or other judicial sale of all or a part of a CATV system, or upon the termination of any lease covering all or a part of a CATV system, the grantee shall notify the chief executive of such event. A foreclosure or other judicial sale of all or a part of a CATV system, except a foreclosure or judicial sale to the holder of a mortgage, trust deed, deed to secure debt, pledge or other hypothecation acquired pursuant to subsection (c) of section 8-87, shall be treated as a change in control of the grantee, and the provisions of this chapter governing the consent of the county to such change in control shall apply.

(Code 1976, § 7-6113)