                                 CODE OF VIRGINIA

TRANSFERS OF CERTIFICATES OF PUBLIC CONVENIENCE AND NECESSITY (§ 46.2-2011.8)

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.

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