Sec. 6. (a) This section applies to a permit deposited with the commission that:
(1) has never been put into operation by the permit holder; and
(2) is subject to the quota provisions of IC 7.1-3-22.
(b) The commission may not accept an application for transfer of ownership of the permit except upon a showing to the satisfaction of the commission of both of the following:
(1) Exceptional and unusual circumstances that necessitate a transfer of ownership of the permit, including bankruptcy or death of the permit holder.
(2) That the permit holder does not intend to speculatively sell the permit. Evidence of the permit holder's intent may be shown by submitting to the commission documentation showing that the proposed sale price for the permit does not exceed the amount that the permit holder paid the commission or the previous permit holder for the permit.
As added by P.L.285-2019, SEC.15.
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