U.S. Nuclear Regulatory Commission

Regarding Transfer of Control of a Corporation Holding NRC Licensees

HPPOS-124 PDR-9111210287

Title: Regarding Transfer of Control of a Corporation

Holding NRC Licensees

See the letter from V. L. Miller to A. C. Myers (Attorney

at Law) dated March 24, 1981. NRC approval for transfer of

control of a corporation, which owns subsidiaries with NRC

licenses, is not required if (1) the name of the licensee

does not change, and (2) the personnel actually involved in

licensed operations are not substantially changed.

HPPOS-257 contains a related topic.

Guidance was sought concerning NRC policy regarding

transfer of control of a corporation that owns two

subsidiaries holding NRC source material licenses. NRC

approval would not be required on such a transfer, provided

that (1) the name of the licensee does not change, and (2)

the personnel actually involved in the day-to-day licensed

operations are not substantially changed. Otherwise, an

application for license amendment should be submitted by

the subsidiary for NRC review. Also, a license amendment

must be applied for if expansion or relocation of the

places of use of radioactive material are planned.

Regulatory references: 10 CFR 30.34, 10 CFR 40.46, 10 CFR

70.36

Subject codes: 3.8, 12.19

Applicability: Byproduct Material