§ 46.2-2123. Transfer or lease of license or certificate
Any certificate of public convenience and necessity issued under this chapter may be transferred or leased, subject to the approval of the Department, and under such reasonable rules and regulations as may be prescribed by the Department. An application for such approval shall be made jointly by the transferor and transferee, or lessor or lessee. The transfer or lease of a certificate of public convenience and necessity can only be made upon a satisfactory showing that such purchaser, transferee, or lessee can and will comply with the applicable motor carrier or broker laws, rules and regulations of the Department, is fit, willing and able to properly perform the services, and all taxes due the Commonwealth have been paid, or payment guaranteed. The transfer provisions of this section shall also apply to licenses.
(2001, c. 596.)
Sections: Previous 46.2-2116 46.2-2117 46.2-2118 46.2-2119 46.2-2120 46.2-2121 46.2-2122 46.2-2123 46.2-2124 46.2-2125 46.2-2126 46.2-2127 46.2-2128 46.2-2129 46.2-2130 NextLast modified: April 3, 2009