- (a) Any carrier who holds a certificate or permit issued by the bureau may lease equipment from another carrier by executing a written lease agreement signed by the parties involved.
(b) Each lease described in (a) above shall:
- (1) Describe the type of vehicle, its registration number, and the company vehicle number assigned;
- (2) Provide for the exclusive possession, control, and use of the equipment and provide for the complete assumption of responsibility by the lessee for the duration of the lease;
- (3) Provide that the drivers of leased equipment shall not be employees under the control of the lessor, except to the extent necessary to deliver or pick up a leased vehicle;
- (4) Specify the date the lease begins and ends;
- (5) Not permit a lessee to operate under the lessor's certificate(s) or permit(s);
- (6) Be carried in the vehicle at all times; and
- (7) Be produced on demand for inspection by an authorized representative of the bureau.
Source. #5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08 New. #9378, eff 1-30-09; ss by #12357, eff 8-2-17