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625 ILCS 5/18c-4303

(625 ILCS 5/18c-4303) (from Ch. 95 1/2, par. 18c-4303)

Sec. 18c-4303.

Applications for Approval.

Applications for approval of
the transfer of a license shall be on forms
prescribed by the Commission and shall, where possible, be accompanied by a
copy of the written contract executed by parties to the proposed transfer.
The contract must state that it:

(1) Is expressly conditioned on approval of the transfer by the
Commission;

(2) Is a complete and exclusive statement of the rights of the
parties in regard to the proposed transfer; and

(3) Cannot be amended without notice to and approval by the
Commission.
The application shall also be accompanied by an abstract of
shipments performed by the transferor within the last year prior to
the date of the contract showing the date of each shipment, the
identification number of the shipment, the origin and destination
of the shipment, and a description of the commodity shipped.

The application shall not be docketed until a contract and abstract have
been filed.  Where the contract cannot be signed because of some operation
of law, the Commission may waive the signature of the transferor, but not
the filing of the written contract.

(Source: P.A. 84-796.)

625 ILCS 5/18c-4304

(625 ILCS 5/18c-4304) (from Ch. 95 1/2, par. 18c-4304)

Sec. 18c-4304.

Standard for Review of Applications.

The Commission may
approve a proposed transfer if it finds that:

(1) The license to be transferred is in good standing and has not
been abandoned, discontinued, or suspended, in whole or in
part;

(2) The proposed transferee is fit, willing, and able to provide
service for which the license was issued, and to do so in
compliance with provisions of this Chapter, Commission
regulations and orders; and

(3) The transfer would be consistent with the public interest and
the state transportation policy.

The Commission may approve or disapprove a transfer, in whole or
in part, and may subject the transfer to such terms and
conditions as will protect the public interest and effectuate the
purposes of this Chapter.

(Source: P.A. 84-796.)

625 ILCS 5/18c-4305

(625 ILCS 5/18c-4305) (from Ch. 95 1/2, par. 18c-4305)

Sec. 18c-4305.

Abandonment, Discontinuance, or Suspension of
Service Under a License to be Transferred.
In determining whether the proposed transferor has abandoned,
discontinued or suspended service without authorization, the
Commission shall only consider the operations of the transferring
party performed within the last 2 years prior to the date
on which the contract between transferor and transferee was
executed, or the date the application was filed.

(Source: P.A. 84-796.)