§1457.970. Additional Requirements for Trip Leases between Authorized Carriers

Latest version.

Authorized carriers are permitted to trip lease equipment to or from other authorized carriers only if:

a)         The lessor owns the equipment or has possession and control of the equipment under a lease of 30 days or more;

b)         The lessee exercises exclusive supervision and control of the equipment while it is operated under lessee's license; and

c)         All other requirements of this Subpart are complied with.

                    
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