Illinois § 18c-4302 Types of Transfers Which May be Approved

Illinois Statutes

§ 18c-4302 — Types of Transfers Which May be Approved

Illinois § 18c-4302

JurisdictionIllinois

TopicTRANSPORTATION

Ch. 625VEHICLES

Act 625 ILCS 5/Illinois Vehicle Code.

Art.Chapter 18c - Illinois Commercial Transportation Law

This text of Illinois § 18c-4302 (Types of Transfers Which May be Approved) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

625 Ill. Comp. Stat. 18c-4302 (2026).

Text

It is lawful, with prior authorization from the Commission, for:

(1)Two or more motor carriers of property to consolidate or merge their properties into one business entity for the ownership, management, or operation of the properties theretofore in separate ownership;

(2)A motor carrier of property, or two or more such carriers jointly, to purchase, lease or contract to operate the properties of another such carrier;

(3)A motor carrier of property, or two or more such carriers jointly, to acquire control of another such carrier through ownership of its stock or otherwise;

(4)A person not a motor carrier of property, to acquire control of one or more such motor carriers through ownership of its or their stock or otherwise;

(5)A person not a motor carrier of property and which has cont

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It is lawful, with prior authorization from the Commission, for: (1) Two or more motor carriers of property to consolidate or merge their properties into one business entity for the ownership, management, or operation of the properties theretofore in separate ownership; (2) A motor carrier of property, or two or more such carriers jointly, to purchase, lease or contract to operate the properties of another such carrier; (3) A motor carrier of property, or two or more such carriers jointly, to acquire control of another such carrier through ownership of its stock or otherwise; (4) A person not a motor carrier of property, to acquire control of one or more such motor carriers through ownership of its or their stock or otherwise; (5) A person not a motor carrier of property and which has control of one or more such carriers to acquire control of another carrier through ownership of its stock or otherwise; or (6) A person to acquire possession, ownership, or control, by means of the sale or other conveyance of a license issued by the Commission to another person.