N.Y. Transportation Law § 156: Amendment, revocation and transfer of certificates and permits

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

1. Certificates and permits shall be effective from the date specified

therein, and shall remain in effect until terminated as herein provided.

Any such certificate or permit may, upon application of the holder and

in the discretion of the commissioner, be amended or revoked, in whole

or in part, or may be suspended, cancelled, revoked or modified pursuant

to section one hundred forty-five of this chapter.

2. Any certificate or permit may be suspended by the commissioner

without hearing for failure to file or keep in force a tariff as

required by section one hundred fifty-eight of this article, for failure

to comply with the insurance requirements of section one hundred

thirty-nine of this chapter; for failure to file annual reports as

required by the regulations of the commissioner or for failure to adhere

to the safety requirements of section one hundred forty of this chapter.

Any such certificate or permit so suspended may thereafter be revoked in

no less than thirty days after the date of suspension ordered by the

commissioner without hearing if the carrier does not comply with the

tariff, insurance, annual reporting or safety requirements.

3. Certificates or permits shall not be assigned or transferred, in

any manner, nor shall the right to operate under any certificate or

permit be leased without prior approval of the commissioner upon such

notice as the commissioner shall deem appropriate. The assignment,

transfer or lease of certificates or permits or the right to operate

under any certificate or permit, shall not be approved unless the

commissioner shall find that it is in the public interest to do so. All

applications for transfer or lease must be in such form as prescribed by

the commissioner.