§ 7.3-12. Transfer or assignment.

(a)

No certificate issued under this chapter shall be assignable or transferable by the certificate holder, except upon approval by the board in the same manner and subject to the same application, investigation, and public hearing as original applications for certificates. Any majority transfer of shares of stock or controlling interest of any person in the certificate holder so as to cause a change in the directors, officers, majority shareholders, managers or principals of such certificate holder shall be deemed to require an application for a new certificate.

(b)

No certificate holder with certificates B, C, D, E or F can subcontract services identified by the certificate.

(Ord. No. 99-25, § 2, 5-25-99; Ord. No. 07-14, § 1(Exh. A), 3-13-07; Ord. No. 2018-23, § 1, 5-22-18)