§ 156. Amendment, revocation and transfer of certificates and permits.
1. Certificates and permits shall be effective from the date specified
therein, and shall remain in effect until terminated as herein provided.
Any such certificate or permit may, upon application of the holder and
in the discretion of the commissioner, be amended or revoked, in whole
or in part, or may be suspended, cancelled, revoked or modified pursuant
to section one hundred forty-five of this chapter.

2. Any certificate or permit may be suspended by the commissioner
without hearing for failure to file or keep in force a tariff as
required by section one hundred fifty-eight of this article, for failure
to comply with the insurance requirements of section one hundred
thirty-nine of this chapter; for failure to file annual reports as
required by the regulations of the commissioner or for failure to adhere
to the safety requirements of section one hundred forty of this chapter.
Any such certificate or permit so suspended may thereafter be revoked in
no less than thirty days after the date of suspension ordered by the
commissioner without hearing if the carrier does not comply with the
tariff, insurance, annual reporting or safety requirements.

3. Certificates or permits shall not be assigned or transferred, in
any manner, nor shall the right to operate under any certificate or
permit be leased without prior approval of the commissioner upon such
notice as the commissioner shall deem appropriate. The assignment,
transfer or lease of certificates or permits or the right to operate
under any certificate or permit, shall not be approved unless the
commissioner shall find that it is in the public interest to do so. All
applications for transfer or lease must be in such form as prescribed by
the commissioner.