Section 26-A2199. DEFINITIONS

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COLLATERAL INSTRUMENT - A financial guarantee instrument consisting of a bond, letter of credit or any other instrument which acts as security against management misconduct, financial impairment or insolvency of the sinking fund and non-payment of claims.

MANAGEMENT - A taxicab owner, taxicab company or taxicab association which creates or maintains a sinking fund and which has a fiduciary duty to manage, direct, or administer the affairs of the sinking fund.

TAXICAB OWNER - Any person, corporation, partnership, or association that holds the legal title to a taxicab the registration of which is required in the District of Columbia.

source

Final Rulemaking published at 36 DCR 5113 (July 21, 1989).

                    
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