WAC 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.