§ 156 — Amendment, revocation and transfer of certificates and permits

§ 156. Amendment, revocation and transfer of certificates and permits.\n1. Certificates and permits shall be effective from the date specified\ntherein, and shall remain in effect until terminated as herein provided.\nAny such certificate or permit may, upon application of the holder and\nin the discretion of the commissioner, be amended or revoked, in whole\nor in part, or may be suspended, cancelled, revoked or modified pursuant\nto section one hundred forty-five of this chapter.\n 2. Any certificate or permit may be suspended by the commissioner\nwithout hearing for failure to file or keep in force a tariff as\nrequired by section one hundred fifty-eight of this article, for failure\nto comply with the insurance requirements of section one hundred\nthirty-nine of this chapter; for failure to file annual reports as\nrequired by the regulations of the commissioner or for failure to adhere\nto the safety requirements of section one hundred forty of this chapter.\nAny such certificate or permit so suspended may thereafter be revoked in\nno less than thirty days after the date of suspension ordered by the\ncommissioner without hearing if the carrier does not comply with the\ntariff, insurance, annual reporting or safety requirements.\n 3. Certificates or permits shall not be assigned or transferred, in\nany manner, nor shall the right to operate under any certificate or\npermit be leased without prior approval of the commissioner upon such\nnotice as the commissioner shall deem appropriate. The assignment,\ntransfer or lease of certificates or permits or the right to operate\nunder any certificate or permit, shall not be approved unless the\ncommissioner shall find that it is in the public interest to do so. All\napplications for transfer or lease must be in such form as prescribed by\nthe commissioner.\n