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19.0132 Transfer of certificate.

Cite as [A.S.C.A. § 19.0132]

No certificate of convenience and necessity shall be sold, transferred, leased, or assigned until the commercial carrier has operated thereunder for at least 70 days of continuous service, nor shall any contract or agreement with reference to or affecting any such certificate be made except with the written approval of the Commission; nor shall any person be permitted to assume any such certificate unless he or it possesses all the qualifications of, and meets all the requirements and assumes all the obligations imposed upon, an original applicant.

History: 1972, PL 12-65 § 1.