§ 73.858   Attribution of LPFM station interests.

   Ownership and other interests in LPFM station permittees and licensees will
   be attributed to their holders and deemed cognizable for the purposes of
   § § 73.855 and 73.860, in accordance with the provisions of § 73.3555, subject
   to the following exceptions:

   (a) A director of an entity that holds an LPFM license will not have such
   interest treated as attributable if such director also holds an attributable
   interest in a broadcast licensee or other media entity but recuses himself
   or herself from any matters affecting the LPFM station.

   (b) A local chapter of a national or other large organization shall not have
   the attributable interests of the national organization attributed to it
   provided  that  the local chapter is separately incorporated and has a
   distinct local presence and mission.

   (c)  A  parent or subsidiary of a LPFM licensee or permittee that is a
   non-stock corporation will be treated as having an attributable interest in
   such  corporation. The officers, directors, and members of a non-stock
   corporation's governing body and of any parent or subsidiary entity will
   have such positional interests attributed to them.

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