Section Saf-C 4502.05 - Leasing Equipment(a) Any carrier who holds a certificate or permit issued by the bureau may lease equipment from another carrier by executing a written lease agreement signed by the parties involved.(b) Each lease described in (a) above shall: (1) Describe the type of vehicle, its registration number, and the company vehicle number assigned;(2) Provide for the exclusive possession, control, and use of the equipment and provide for the complete assumption of responsibility by the lessee for the duration of the lease;(3) Provide that the drivers of leased equipment shall not be employees under the control of the lessor, except to the extent necessary to deliver or pick up a leased vehicle;(4) Specify the date the lease begins and ends;(5) Not permit a lessee to operate under the lessor's certificate(s) or permit(s);(6) Be carried in the vehicle at all times; and(7) Be produced on demand for inspection by an authorized representative of the bureau.N.H. Admin. Code § Saf-C 4502.05
#5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08
New. #9378, eff 1-30-09
Amended by Volume XXXVII Number 32, Filed August 10, 2017, Proposed by #12357, Effective 8/2/2017, Expires 8/2/2027.