Section 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  and  be  accompanied by a filing fee as prescribed in
  section one hundred forty-four of this chapter.