N.Y. Transportation Law § 195: Amendment, revocation and transfer of certificates and permits

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

1. Certificates shall be effective from the date specified therein, and

shall remain in effect until terminated as herein provided. Any such

certificate may, upon application of the holder thereof 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 may be suspended by the commissioner without

hearing for failure to keep in force a tariff as required by section one

hundred ninety-seven of this chapter; 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 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. Permanent certificates shall not be assigned, transferred or leased

in any manner nor shall the right to operate under any such certificate

be leased without prior approval of the commissioner upon such notice as

the commissioner shall deem appropriate. The assignment, transfer or

lease of a permanent certificate, 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.