Current through Register Vol. 54, No. 50, December 14, 2024
Section 30.12 - Sale of medallion(a) Before a medallion may be sold or transferred, the proposed buyer shall file a Notice of Medallion Sale and Application for Certificate of Public Convenience with the Commission in accordance with the form prescribed by the Commission. An original and two copies of a Notice of Medallion Sale and Application for Certificate of Public Convenience shall be filed with the Secretary of the Pennsylvania Public Utility Commission, Post Office Box 3265, Harrisburg, Pennsylvania 17105-3265. The filing shall be verified under § 1.36 (relating to verification) and shall be accompanied by payment of the fee established by the Commission in the form of a certified or cashier's check or money order payable to the "Pennsylvania Public Utility Commission."(b) The Notice of Medallion Sale and Application for Certificate of Public Convenience shall contain the information required by the Commission, including the following: (1) The medallion number.(2) The name and trade name, if any, of the proposed buyer and a copy of the trade name registration certificate, if applicable.(3) The mailing and physical address of the proposed buyer.(4) A statement indicating whether the proposed buyer is an individual, a partnership or a corporation, and a copy of the partnership agreement or approval notice from the Department of State, as applicable.(5) A statement of corporate charter purpose and a list of current corporate officers, directors and stockholders holding at least 5% of the stock of the corporation, if applicable.(6) A statement indicating whether the proposed buyer owns another medallion.(7) The name and docket number of a carrier which is controlled by or affiliated with the proposed buyer, its stockholders or partnership members, and an explanation of the nature of control or affiliation.(8) A copy of the proposed contract of sale.(9) A criminal history record information form issued by the State Police regarding the proposed buyer, the partners or the corporate officers and directors and stockholders holding at least 5% of the stock of the corporation, as applicable.(10) A verified or sworn statement indicating that the proposed buyer, or partners, or corporation, corporate officers and directors and stockholders holding at least 5% of the stock of the corporation, have not been convicted of a felony in the preceding 5 years.(11) A statement by the seller that outstanding fees, penalties and fines have been paid; that no annual reports are due; and that it will continue providing the service until a certificate is issued to the buyer.(12) A copy of the short form certificate showing the date of death of the seller and the name of the executor or administrator/administratrix, if applicable.(c) The proposed contract of sale shall set forth a description of the transaction, including the identification number of the medallion sought to be transferred, the amount to be paid and the payment terms.(d) If a notice of lien has been filed with the Commission relating to a medallion which is the subject of a proposed sale, the Commission will reject the Notice of Medallion Sale and Application for Certificate of Public Convenience until the lien is removed unless the Commission is notified by the lienholder that the lien will be satisfied from the proceeds of the sale.(e) Upon the receipt of a Notice of Medallion Sale and Application for Certificate of Public Convenience which complies with this section, the Commission will notify the proposed buyer and seller to report to a designated location for a Commission staff member to witness the closing of the sales transaction.(f) Upon the closing of a sales transaction, the submission of acceptable evidence of insurance to the Commission, the filing of a tariff establishing just and reasonable rates, the successful completion of a vehicle inspection and the payment of fees, penalties or fines outstanding against a party to the transaction, the Commission will attach a medallion to the buyer's vehicle and issue a certificate of public convenience to the new medallion owner. This section cited in 52 Pa. Code § 30.15 (relating to execution on and seizure of a medallion).