(a) The holder of a fleet license may grant a sublicense to another person under this Section.
(b) A sublicense may be granted only if:
(1) the holder of a fleet license notifies the Department in writing of the proposed grant not less than 30 days before the date of the proposed grant, specifying all terms and conditions of the proposed grant and the identity of the proposed grantee;
(2) the Director finds that the proposed grantee meets all requirements for a licensee under this Chapter and applicable regulations; and
(3) the Director approves the grant of the sublicense.
(c) The Director must not approve a grant of a sublicense if the grantee already holds, or would then hold, more than 40% of the total number of licenses then in effect.
(d) The holder of a sublicense is subject to all of the requirements of this Chapter that apply to a licensee. (2015 L.M.C., ch. 39, § 1.)