Wash. Admin. Code § 480-30-141 - Transferring or encumbering all or part of a passenger transportation company's certificate or authority
(1) The
commission must approve any sale, assignment, lease, transfer, or mortgage of
an auto transportation, charter carrier, or excursion carrier company's
certificate, or any portion of the operating authority described in a company's
passenger transportation company certificate.
(2) To obtain commission approval for sale,
assignment, lease, transfer, or mortgage, the parties to the transaction must
jointly file an application with the commission seeking such
approval.
(3) This rule does not
apply to a change in ownership resulting from an acquisition of control of a
corporation through stock sale or purchase. Refer to WAC
480-30-106.
(4) This rule does not apply to contracts
between a passenger transportation company and another person or company for a
driver or vehicle, or both, to provide service on behalf of the passenger
transportation company.
Notes
Statutory Authority: RCW 80.01.040, 81.04.160, 81.12.050, 81.68.030, and 81.70.270. 06-13-006 (General Order No. R-533, Docket No. TC-020497), § 480-30-141, filed 6/8/06, effective 7/9/06.
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