D.C. Mun. Regs. tit. 26, r. 26-A2199
Current through Register Vol. 71, No. 49, December 6, 2024
COLLATERAL INSTRUMENT - A financial guarantee instrument consisting of a bond, letter of credit or any other instrument which acts as security against management misconduct, financial impairment or insolvency of the sinking fund and non-payment of claims.
MANAGEMENT - A taxicab owner, taxicab company or taxicab association which creates or maintains a sinking fund and which has a fiduciary duty to manage, direct, or administer the affairs of the sinking fund.
TAXICAB OWNER - Any person, corporation, partnership, or association that holds the legal title to a taxicab the registration of which is required in the District of Columbia.
D.C. Mun. Regs. tit. 26, r. 26-A2199