Franchise transfer or assignment restrictions.
San José Municipal Code § 15.36.410
in effect15.36.410 - Franchise transfer or assignment restrictions.
Any franchise granted pursuant to this chapter is a privilege to be held in personal trust by the original grantee. It cannot in any event be sold, transferred, leased, assigned, or disposed of, either in whole or in part, by either forced sale, merger, consolidation, bankruptcy, reorganization under bankruptcy laws, or otherwise, without the prior consent of the council expressed by ordinance, and then only under such conditions and terms as may be prescribed by the council; provided, however, that no such consent shall be required to any transfer in trust, mortgage or other hypothecation, as a whole, to secure indebtedness. No sale, transfer, lease, assignment or other disposition shall relieve a grantee from any of its duties and obligations under such franchise, unless a written release is obtained from the council.
(Ord. 20601.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT15PUUT_CH15.36FRPONETO_PT5FRCOLIRE_15.36.410FRTRASREFetched: 11/1/2026