New Jersey § 48:4-6 Transfer of certificate of public convenience and necessity; liability for outstanding debts

New Jersey Statutes

§ 48:4-6 — Transfer of certificate of public convenience and necessity; liability for outstanding debts

New Jersey § 48:4-6

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:4-6 (Transfer of certificate of public convenience and necessity; liability for outstanding debts) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 48:4-6 (2026).

Text

Any such certificate of public convenience and necessity for the operation of an autobus, charter bus operation or special bus operation heretofore granted and now in effect or hereafter granted and in effect may be transferred by the holder thereof upon obtaining the approval of the Board of Public Utility Commissioners upon application to it by either the transferor or the transferee. The transferor and the transferee shall be jointly and severally liable for any outstanding debt due the board at the time of the transfer. Amended by L.1962, c. 198, s. 66; L.1973, c. 158, s. 3, eff. June 7, 1973.

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Any such certificate of public convenience and necessity for the operation of an autobus, charter bus operation or special bus operation heretofore granted and now in effect or hereafter granted and in effect may be transferred by the holder thereof upon obtaining the approval of the Board of Public Utility Commissioners upon application to it by either the transferor or the transferee. The transferor and the transferee shall be jointly and severally liable for any outstanding debt due the board at the time of the transfer. Amended by L.1962, c. 198, s. 66; L.1973, c. 158, s. 3, eff. June 7, 1973.