§ 195. Amendment, revocation and transfer of certificates and permits.
1. Certificates shall be effective from the date specified therein, and
shall remain in effect until terminated as herein provided. Any such
certificate may, upon application of the holder thereof 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 may be suspended by the commissioner without
hearing for failure to keep in force a tariff as required by section one
hundred ninety-seven of this chapter; 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 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. Permanent certificates shall not be assigned, transferred or leased
in any manner nor shall the right to operate under any such certificate
be leased without prior approval of the commissioner upon such notice as
the commissioner shall deem appropriate. The assignment, transfer or
lease of a permanent certificate, 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.