(a) If a holder dies or becomes temporarily or permanently disabled, his heirs or minor dependents and the wife or woman who has maritally cohabited with the holder at the time of his death or disability, may request from the Company to lease the medallion to one of the persons included in the Registry of Eligible[s].
(b) The Company shall fix a reasonable rental fee for the lease, based upon the average income that the holder was obtaining at the time of his death or disability from the operation of the taximeter or taximeter enterprise, tour vehicle enterprise, tour enterprise or vehicles engaged in providing tourist ground transportation.
(c) The term of the lease shall not exceed five (5) years, after which, the Company may award the medallion to the lessee, upon the latter’s application, and with the approval of the disabled holder or his heirs or dependents. This new acquirer shall be responsible for the cancellation or balance of any obligation, which may weigh upon the medallion.
(d) The heirs or dependents of a holder shall have the same responsibilities, duties and rights on the medallion hereby imposed and granted upon the holder.
History —Dec. 19, 2002, No. 282, § 53, eff. 180 days after Dec. 19, 2002.