48:4-6 - Transfer of certificate of public convenience and necessity; liability for outstanding debts
48:4-6.Ā Transfer of certificate of public convenience and necessity; liability for outstanding debts
Any such certificate of public convenience and necessity for the operation of an autobus, charter bus operation or special bus operation heretofore granted and now in effect or hereafter granted and in effect may be transferredĀ by the holder thereof upon obtaining the approval of the Board of PublicĀ Utility Commissioners upon application to it by either the transferor or theĀ transferee.
The transferor and the transferee shall be jointly and severally liable forĀ any outstanding debt due the board at the time of the transfer.
Amended by L.1962, c. 198, s. 66;Ā L.1973, c. 158, s. 3, eff. June 7, 1973.
Ā
Any such certificate of public convenience and necessity for the operation of an autobus, charter bus operation or special bus operation heretofore granted and now in effect or hereafter granted and in effect may be transferredĀ by the holder thereof upon obtaining the approval of the Board of PublicĀ Utility Commissioners upon application to it by either the transferor or theĀ transferee.
The transferor and the transferee shall be jointly and severally liable forĀ any outstanding debt due the board at the time of the transfer.
Amended by L.1962, c. 198, s. 66;Ā L.1973, c. 158, s. 3, eff. June 7, 1973.
Ā