48:4-6 - Transfer of certificate of public convenience and necessity; liability for outstanding debts - New Jersey Statutes

48:4-6.  Transfer of certificate of public convenience and necessity; liability for outstanding debts
    Any such certificate of public convenience and necessity for the operation of an autobus, charter bus operation or special bus operation heretofore granted and now in effect or hereafter granted and in effect may be transferred  by the holder thereof upon obtaining the approval of the Board of Public  Utility Commissioners upon application to it by either the transferor or the  transferee.

    The transferor and the transferee shall be jointly and severally liable for  any outstanding debt due the board at the time of the transfer.

     Amended by L.1962, c. 198, s. 66;  L.1973, c. 158, s. 3, eff. June 7, 1973.