Permit Transfer/Sale. No Member may transfer such Member’s “LA MS” permit or “MRI” permit to a person who is not an Member unless such person assumes all of the transferring Member’s obligations under this Agreement as of the effective date of such transfer. A person other than a Member who receives a Member’s “LA MS” permit or “MRI” permit from a Member in accordance with this Section 15 (a “Transferee”) shall only be eligible to participate in the Sector for the balance of the fishing year during which the transfer occurs, and thereafter may only remain a Sector Member if such Transferee applies for and is admitted to Sector membership in accordance with Section 2, above
Appears in 20 contracts
Samples: Sector Operations Plan and Agreement, Sector Operations Plan and Agreement, Northeast Fishery Sector Operations Plan and Agreement
