Subchapter B. LIENS ON MEDALLIONS
Sec.
1013.21. Notice of medallion lien.
1013.22. Execution on and seizure of a medallion.
1013.23. Invalidation upon execution or seizure.§ 1013.21. Notice of medallion lien.
A person who accepts a medallion as security shall file its lien in accordance with 13 Pa.C.S. (relating to Uniform Commercial Code). No notice or filing with the Authority of medallion liens is required.
Cross References This section cited in 52 Pa. Code § 1011.2 (relating to definitions).
§ 1013.22. Execution on and seizure of a medallion.
(a) If a medallion lienholder executes on or seizes a medallion, it shall notify the Director of all particulars, in writing, within 5 days of taking the action. Any seized medallion shall be delivered to the Authority within 5 days of seizure and will be held by the Authority pending further disposition.
(b) A medallion shall be sold within 1 year of seizure or execution as provided in sections 5713 and 5718 of the act (relating to property and licensing rights; and restrictions) and Chapter 1027 (relating to sale of rights).
§ 1013.23. Invalidation upon execution or seizure.
(a) The execution or seizure of a medallion invalidates the medallion for purposes of providing taxicab service.
(b) Upon reclaiming a medallion from execution or seizure, a certificate holder shall petition the Director for an order reversing the invalidation imposed by this section. The petition shall be filed with the Clerk and be in a form consistent with § 1005.21 (relating to petitions generally).
(c) The petition for validation of a medallion shall be granted by the Director upon determination that the certificate holder and the relevant medallion are in compliance with the act, this part and all orders of the Authority.
(d) Determinations of the Director may be appealed as provided in § 1005.24 (relating to appeals from actions of the staff).
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