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