§ 177. 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 or a
contract as required by sections one hundred seventy-nine and one
hundred eighty 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, contract,
insurance, annual reporting or safety requirements.

3. Certificates or permits shall not be assigned, transferred or
leased 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 a certificate, or the
right to operate under any certificate, shall not be approved unless the
commissioner shall find that it is in the public interest to do so. All
applications for assignment, transfer or lease must be in such form as
prescribed by the commissioner.