Code of Virginia § 46.2-2011.8. Transfers of certificates of public convenience and necessity.

128 words·~1 min read·/va/title-46-2/chapter-20/46-2-2011-8

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any certificate of public convenience and necessity issued under this chapter may be transferred, 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. The transfer of a certificate of public convenience and necessity can only be made upon a satisfactory showing that such purchaser or transferee 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.

2001, c. 596 ; 2011, cc. 881 , 889 ; 2012, cc. 22 , 111 .