NORTH CAROLINA GENERAL ASSEMBLY
1967 SESSION

CHAPTER 1202
HOUSE BILL 1215

AN ACT TO AMEND G.S. 62-111 RELATING TO THE REQUIREMENTS FOR APPROVAL OF THE SALE, TRANSFER, MERGER, CONSOLIDATION, COMBINATION OR TRANSFER OF MOTOR CARRIER FRANCHISES.

The General Assembly of North Carolina do enact:

Section 1.  G.S. 62-111 is hereby amended by adding a new subsection (e) at the end thereof to read as follows:
"(e)	The Commission shall approve applications for transfer of motor carrier franchises made under this Section upon finding that said sale, assignment, pledge, transfer, change of control, lease, merger, or combination is in the public interest, will not adversely affect the service to the public under said franchise, will not unlawfully affect the service to the public by other public utilities, that the person acquiring said franchise or control thereof is fit, willing and able to perform such service to the public under said franchise, and that service under said franchise has been continuously offered to the public up to the time of filing said application or in lieu thereof that any suspension of service exceeding 30 days has been approved by the Commission as provided in G.S. 62-112(b)(5)."
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall be in full force and effect from and after September 30, 1967.
In the General Assembly read three times and ratified, this the 6th day of July, 1967.