Any certificate or permit may be transferred or leased subject to the approval of the commission and under such rules and regulations as may be prescribed by the commission. Except where a transfer of a certificate or a permit results from the operation of law, approval of such transfer or lease shall be given only upon a finding by the commission, after notice and opportunity for a hearing, that such transfer or lease will be consistent with the public interest. The application for approval shall be made jointly by the transferor and the transferee or lessor and lessee. No value shall be allowed for any purpose for any certificate or permit issued under this chapter.
Structure Code of Alabama
Title 37 - Public Utilities and Public Transportation.
Chapter 9 - Regulation of Air Commerce.
Section 37-9-1 - Title of Chapter.
Section 37-9-4 - Exemptions From Operation of Chapter - Interstate Commerce.
Section 37-9-5 - Declaration of Policy.
Section 37-9-6 - No Property Rights in Use of Airspace Conferred by Chapter.
Section 37-9-7 - Air Commerce Subject to Chapter and to Control of Commission.
Section 37-9-9 - Inquiries Into Business of Air Carriers, Brokers, Etc.
Section 37-9-12 - Cooperation With State and Federal Authorities.
Section 37-9-13 - Interstate Rates, Services, Etc.
Section 37-9-14 - Proceedings Before Commission.
Section 37-9-15 - Conflicts of Interest of Members or Employees of Commission.
Section 37-9-16 - Certificates for Common Carriers and Permits for Contract Carriers - Required.
Section 37-9-25 - Establishment of Fees for Permits, Certificates, etc.; Disposition of Revenue.
Section 37-9-26 - Abandonment or Discontinuance of Route.
Section 37-9-30 - Reparation for Excessive Charges.
Section 37-9-32 - Additional Compensation of Members of Commission.