Transfer of a medallion between islands is permitted with the approval of the Taxicab Commission. Following the date of the transfer, no medallion can be transferred or offered for sale for a period of five years. If the island of residence remains the same, the Taxicab Transfer of a medallion between islands is permitted with the approval of the Taxicab Commission. Following the date of the transfer, no medallion can be transferred or offered for sale for a period of five years. If the island of residence remains the same, the Taxicab Commission may approve the transfer of a medallion when the applicant provides the necessary documentation and the Commission undoubtedly determines an extreme hardship case exists.