§ 64-22 Business Requirements – Change in Business Ownership.
RCNY § 64-22
(a)Approval for Transfer of Ownership. A Taximeter Business owner must not transfer any interest in a Taximeter Business without the prior consent of the Commission. This prohibition covers the transfer of any ownership interest or any agreement to transfer an ownership interest in the future. 35 RCNY § 64-22(a)Penalty: $1,000 - $5,000 fine and suspension until consent of Commission is obtained or change in business ownership is withdrawn, or revocationAppearance REQUIRED (b) Approval for Change to Application Information. A Taximeter Business must obtain the Commission's approval before making any change in its location, mailing address, corporate name, trade name, corporate officers, or any other material deviation from the description of the Taximeter Business as stated in the original or renewal application. 35 RCNY § 64-22(b)Penalty: $500 - $1,000 fineAppearance REQUIRED
