52 Pa. Code § 1013.22 - Execution on and seizure of a medallion
(a) If a medallion lienholder executes on or
seizes a medallion, it shall notify the Director of all particulars, in
writing, within 5 days of taking the action. Any seized medallion shall be
delivered to the Authority within 5 days of seizure and will be held by the
Authority pending further disposition.
(b) A medallion shall be sold within 1 year
of seizure or execution as provided in sections 5713 and 5718 of the act
(relating to property and licensing rights; and restrictions) and Chapter 1027
(relating to sale of rights).
Notes
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