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

§ 177. 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 or a\ncontract as required by sections one hundred seventy-nine and one\nhundred eighty of this article; for failure to comply with the insurance\nrequirements of section one hundred thirty-nine of this chapter; for\nfailure to file annual reports as required by the regulations of the\ncommissioner; or for failure to adhere to the safety requirements of\nsection one hundred forty of this chapter. Any such certificate or\npermit so suspended may thereafter be revoked in no less than thirty\ndays after the date of suspension ordered by the commissioner without\nhearing if the carrier does not comply with the tariff, contract,\ninsurance, annual reporting or safety requirements.\n 3. Certificates or permits shall not be assigned, transferred or\nleased in any manner nor shall the right to operate under any\ncertificate or permit be leased without prior approval of the\ncommissioner, upon such notice as the commissioner shall deem\nappropriate. The assignment, transfer or lease of a certificate, or the\nright to operate under any certificate, shall not be approved unless the\ncommissioner shall find that it is in the public interest to do so. All\napplications for assignment, transfer or lease must be in such form as\nprescribed by the commissioner.\n