Assignment or lease of franchise.
Memphis Code of Ordinances § 6-28-25
in effectSec. 6-28-25. - Assignment or lease of franchise.
A. Neither the franchise, the assets held by grantee under this chapter, nor any rights or privileges of grantee under this chapter or the franchise agreement, grantee's system capacity, or allowance of access to grantee's system, either separately or collectively, shall be sold, resold, assigned, transferred or conveyed by grantee to any other person, firm, corporation, affiliate or entity, without the prior written consent of the city by ordinance of the council. No such sale, assignment, transfer or conveyance by grantee shall be approved by the council for one year after the execution of a franchise agreement, unless such sale, assignment, transfer or conveyance is to another city franchisee or licensee, and the council determines such sale, assignment, transfer or conveyance is in the best interest of the city and its citizens. Should the grantee sell, assign, transfer, convey or otherwise dispose of any of its rights or its interests under this chapter, or attempt to do so, in violation of this requirement to obtain prior written consent, the city may revoke a franchise granted hereunder for default, in which event all rights and interest of the grantee shall cease and no purported sale, assignment, transfer or conveyance shall be effective.
B. Plant and facilities owned by grantee located within public property shall not be leased or subleased to another provider or reseller of similar services for the purpose of serving the reseller's own customers; provided, however, but not limited to, access services from interexchange or long distance carriers is not prohibited.
(Code 1985, § 10-161; Ord. No. 4398, § 26, 11-19-1996)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT6BULIRE_CH6-28FIOPTEREFR_S6-28-25ASLEFRFetched: 10/28/2026