2010 Code of Virginia
Title 46.2 - MOTOR VEHICLES.
Chapter 21 - Regulation of Property Carriers (46.2-2100 thru 46.2-2176)
46.2-2123 - Transfer or lease of license or certificate.
ยง 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.)
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