Oklahoma § 17-159.18 - Assignment of certificate

§ 17-159.18. Assignment of certificate

Certificates of convenience and necessity issued pursuant to

this act or amendments thereto shall not be assigned, leased or

alienated in any way except with the consent of the Commission upon

the petition of the holder of the certificate, and only then when

the physical assets of the water transportation company or that part

thereof covered by the certificate are assigned, leased or alienated

to the same assignee to assign a certificate of convenience and

necessity, the Commission shall cause the same to be set for hearing

and give due and proper notice in writing at least ten (10) days

prior to the date of the hearing to all persons who are served by

the facilities covered by the certificate which is sought to be

transferred, and by the publication once a week for two (2)

consecutive weeks in a newspaper of general circulation in each

county in which the line is located. If at such hearing the

Commission finds from competent evidence that the transfer is in the

best interest of the public convenience and necessity, it shall

permit the certificate to be transferred.

Laws 1969, c. 109, § 8, emerg. eff. April 1, 1969.