                                 CODE OF VIRGINIA

TRANSFER OR LEASE OF CERTIFICATE (§ 5.1-114)

Any certificate issued under this chapter may be transferred or leased, subject
to the approval of the Commission and under such reasonable rules and
regulations as may be prescribed by the Commission. An application for such
approval shall be made jointly by the transferor and transferee, or lessor and
lessee.
		No certificate shall be transferred, leased or otherwise disposed of when any
consideration is paid or promised which exceeds the then value of the tangible
property sold in connection with the transfer or lease of such certificate.

HISTORY: Code 1950, § 56-168; 1970, c. 708.