(a) If a licensee sells or conveys its business involving articles covered by this subpart to another person, including the complete transfer of the attendant assets, the Licensing Authority will transfer to such other person the historical, nonhistorical or designated license issued for that quota year.？Such sale or conveyance must be unconditional, except that it may be in escrow with the sole condition for return of escrow being that the Licensing Authority determines that such sale does not meet the requirements of this paragraph.
CFR 7-6.28-2014 history
2004CFR 7-6.28-2014 Agriculture. Part6:Import quotas and fees. Subpart:dairy tariff-rate import quota licensing. Section6.28:Transfer of license.