Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1270 - TRANSFERS OF LICENSES
Subpart C - TRANSFERS NOT SUBJECT TO COMMISSION APPROVAL
Section 1270.200 - Transfers Not Subject to Commission Approval

Universal Citation: 92 IL Admin Code ยง 1270.200

Current through Register Vol. 48, No. 38, September 20, 2024

a) If a merger, acquisition of control, or other transaction which is authorized pursuant to 49 U.S.C. 11343 involves one or more motor carriers of property licensed by the Commission, such transaction shall be recognized by the Commission subject to the provisions of subsection (b) of this Section.

b) No license transferred by operation of 49 U.S.C. 11343 shall be effective for any purpose unless and until the person to whom the license is being transferred notifies the Commission of such transfer. Notification shall be accomplished by completing and filing the forms obtained from the Commission for such purpose, along with a filing fee, established for applications to transfer licenses at 92 Ill. Adm. Code 1205.10(a)(3)(A).

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