Section 22a-116-B-8 - Transferability of certificates(a) No certificate may be transferred without the approval of the permanent Council.(b) Any person desiring to transfer a certificate shall jointly submit with the proposed transferee an application to the Council on such forms as may be prescribed from time to time by the permanent Council members. Such application shall, at a minimum, include the date on which such transfer was agreed upon by the parties to the transfer, an explanation of the reasons for the proposed transfer, and the same information about the transferee which is required of an applicant for a certificate by Section 22a-118 of the Connecticut General Statutes.(c) The proposed transferee shall agree, in writing, to comply with the terms, limitations, and conditions contained in the certificate.(d) The permanent Council shall not approve any such transfer if it finds: (1) That such transfer was contemplated at or prior to the time the certificate was issued and that such fact was not adequately disclosed during the certification proceeding; or(2) That the transferee lacks the financial, technical, or management capabilities to comply fully with the terms, limitations, or conditions of the certificate.Conn. Agencies Regs. § 22a-116-B-8
Effective March 7, 1989; Amended September 7, 2012