Current through Register Vol. 54, No. 44, November 2, 2024
(a)
SA-1 form. The SA-1 is a
multipurpose form intended for use in the sale of different transferable rights
and shall be completed by the broker or attorney, or both, in a manner
consistent with the intentions of the sale. For example, an SA-1 used only for
the sale of a partial-rights certificate need not complete the portion of the
application which seeks medallion numbers.
(b)
Required information.
Except as provided in subsection (a), the completed SA-1 must include the
information required by the Authority, including all of the following:
(1) The medallion numbers.
(2) The certificate numbers.
(3) The name of the proposed buyer and
contact information, including a telephone number, an email address and a
facsimile number.
(4) If the
proposed buyer is a nonindividual person and is not already a certificate
holder:
(i) The articles of incorporation,
operating agreement, formation documents or other applicable organizing
documents for the applicant.
(ii) A
certificate of good standing for the applicant from the Bureau of Corporations
and Charitable Organizations.
(iii)
A copy of the Department of State's entity page for the
applicant.
(5) The name
of any holding company as defined in §
1011.2 (relating to definitions)
having an interest in the proposed buyer and a contemporaneous certificate of
good standing for the holding company from the Bureau of Corporations and
Charitable Organizations, or similarly authorized entity in another
jurisdiction in the United States.
(6) The trade name, if any, of the proposed
buyer and a copy of the trade name registration certificate, if
applicable.
(7) The mailing address
and physical address of the proposed buyer.
(8) A copy of the proposed buyer's business
plan.
(9) A list including name,
home address and telephone numbers for current corporate officers, directors,
stockholders, key employees and persons with controlling interests as defined
in § 1011.2, if applicable.
(10) A list of all Authority, PUC and Federal
common carrier rights held by the proposed buyer and any of the persons listed
in response to paragraph (9), including taxicab medallions.
(11) The name, address, telephone number,
facsimile number and email address of any attorney assisting the proposed buyer
with the application process, together with an acknowledgement that §
1029.3 (relating to use of
attorney) has been reviewed by the proposed buyer.
(12) A criminal history report, issued within
30 days of the filing of the application, from any jurisdiction in which the
following persons have lived in the preceding 5 years through the date of
application:
(i) An individual proposed
buyer.
(ii) An individual with a
controlling interest in the proposed buyer.
(iii) An individual with a controlling
interest in the holding company of a proposed buyer.
(iv) A key employee.
(13) A verified statement indicating that the
persons identified in paragraph (12) have not been subject to a conviction as
defined in §
1001.10 (relating to definitions)
and that the proposed buyer has read and understands the prohibitions of
ownership as provided in §
1011.5 (relating to ineligibility
due to conviction or arrest).
(14)
Verified statements from the owner and proposed buyer confirming that each are
in compliance with §
1011.7 (relating payment of
outstanding fines, fees and penalties).
(15) The Federal Tax Identification number
for the following persons:
(i) The owner of
the rights.
(ii) The proposed
buyer.
(iii) Persons with a
controlling interest in the owner or a proposed buyer.
(iv) Key employees of an owner or proposed
buyer.
(c)
Proof of ownership. The Authority may require the owner to
prove ownership of the right or rights subject to sale.
The provisions of this §1027.7 temporarily amended
under 53 Pa.C.S. § 57B 02.
This section cited in 52 Pa. Code §
1027.9 (relating to financial
fitness generally).
