(1) (a) If, upon the inspection of a conveyance, the conveyance is found to be in a dangerous condition, an immediate hazard to those riding or using it, or designed or operated in an inherently dangerous manner, the certified conveyance inspector shall notify:
(I) The owner;
(II) The approved local jurisdiction; and
(III) If the conveyance is not within an approved local jurisdiction, the administrator.
(b) Upon being notified pursuant to paragraph (a) of this subsection (1), the administrator or approved local jurisdiction shall order such alterations or additions as may be deemed necessary to eliminate the danger.
(2) (a) In lieu of repairing or altering a dangerous conveyance pursuant to subsection (1) of this section, an owner or a lessee may have the conveyance made dormant. A dormant conveyance shall not be used until it is made safe in compliance with this article. In order to qualify under this subsection (2), the owner or lessee of a dormant conveyance shall:
(I) Remove the fuses and lock the mainline disconnect switch in the "off" position;
(II) Park the car and close and latch the hoistway doors;
(III) Have a certified conveyance inspector place a wire seal on the mainline disconnect switch; and
(IV) Prevent the conveyance from being used.
(b) A conveyance shall not be made dormant for more than five years. Upon making a conveyance dormant, a certified conveyance inspector shall report the fact to the administrator.