Section R17-5-904. Transportation Network Company Permit and Renewal - General Provisions

A.      A transportation network company permit or renewal issued by the Department under this Article shall include an assigned number that remains effective until either withdrawn by the Department or until it expires.

B.       A transportation network company permit or renewal issued by the Department under this Article shall not be transferred or assigned, in whole or in part, to any person other than the per- son to whom the permit is issued, except upon a merger, change in control, or sale of substantially all of the transporta- tion network company’s assets to an entity that assumes the duties and obligations of the permit. The transportation net- work company shall notify the Department within 30 days of such a transfer or assignment, and the Department shall have 30 days beginning on such notification to nullify the transfer or assignment based on the criteria set forth in this Article. An initial public offering shall not be deemed to trigger a transfer or assignment under this Section.

Historical Note

New Section made by exempt rulemaking under Laws 2015, Ch. 235, § 14, at 21 A.A.R. 1825, effective August

21, 2015 (Supp. 15-3).