§ 38-50. Transfer or assignment.

(a)

No certificate issued pursuant to this division is assignable or transferable, except upon written approval by the board of county commissioners in the same manner and subject to the same application, investigation, fees and public hearing as original applications for certificates.

(b)

Any majority transfer of shares of stock or interest of any person or operator, so as to cause a change in the officers or stockholders of more than 20 percent of the shares of such certificated service, shall be deemed a transfer or assignment.

(Code 1970, § 6¼-25; Ord. No. 84-02, § 10, 2-7-84)