N.Y. Transportation Law § 177: Amendment, revocation and transfer of certificates and permits

§ 177. 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 or a

contract as required by sections one hundred seventy-nine and one

hundred eighty 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, contract,

insurance, annual reporting or safety requirements.

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

leased 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 a certificate, or the

right to operate under any certificate, shall not be approved unless the

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

applications for assignment, transfer or lease must be in such form as

prescribed by the commissioner.