52 Pa. Code § 1059.4 - Agreement of sale
(a) The parties to
a proposed sale of transferable rights shall complete an agreement of sale
detailing the terms of the transaction, including provisions required by this
chapter, and file the agreement with the Director.
(b) An agreement of sale for transferable
rights is void by operation of law if not executed by all parties in the
presence of the Director or a designee.
(c) The term of an agreement of sale for
transferable rights may not exceed 15 business days from the date of execution,
except when executed on the date the application for sale of transferable
rights is filed as provided in §
1059.5 (relating to application
for sale of transferable rights).
Notes
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