Carrier number transfer

Definition

Whether the state carrier identifier survives the sale, which it usually does not.

Why It Matters

Aggregate is nonhazardous and much of this work never crosses a state line, so the federal financial-responsibility rule does not reach an intrastate-only hauler at all and the state fills the gap: California requires the same $750,000 combined single limit inside its own borders. The identifier is the part that surprises buyers. A different legal entity with its own federal tax number needs its own state carrier number, and the number is not transferable from one person to another except to correct the California Highway Patrol's own error in assigning it. An asset purchase therefore runs on the buyer's own number, a new one if the buyer is a new entity.