This law allows for the transfer of certificates of public convenience and necessity in Virginia, subject to Department approval. Both parties must jointly apply and demonstrate the transferee’s ability to comply with laws, regulations, and tax obligations. The transfer is only approved if these conditions are satisfied.
It is a permit issued to motor carriers or brokers allowing them to operate legally within Virginia's transportation regulations.
Yes, but the transfer requires approval from the Virginia Department of Transportation and must meet certain conditions.
The transferee must show they can comply with all applicable laws, regulations, and taxes, and that they are fit and able to perform the services.
Both the transferor and transferee must jointly submit an application for approval to the Department.