49 CFR 365.409 - FMCSA action and criteria for approval.

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There are 4 Updates appearing in the Federal Register for 49 CFR Part 365. View below or at eCFR (GPOAccess)
§ 365.409 FMCSA action and criteria for approval.

A transfer will be approved under this section if:

(a) The transaction is not subject to 49 U.S.C. 14303; and

(b) The transaction is consistent with the public interest; however,

(c) If the transferor or transferee has an “Unsatisfactory” safety fitness rating from DOT, the transfer may be denied. If an application is denied, the FMCSA will set forth the basis for its action in a decision or letter notice. If parties with “Unsatisfactory” safety fitness ratings consummate a transaction pursuant to the 10-day rule at § 365.405 of this part prior to the notification of FMCSA action, they do so at their own risk and subject to any conditions we may impose subsequently. Transactions that have been consummated but later are denied by the FMCSA are null and void and must be rescinded. Similarly, if applications contain false or misleading information, they are void ab initio.

[53 FR 4852, Feb. 18, 1988, as amended at 56 FR 46735, Sept. 16, 1991; 62 FR 49940, Sept. 24, 1997]

Title 49 published on 2015-12-03

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 49 CFR Part 365 after this date.

  • 2017-01-17; vol. 82 # 10 - Tuesday, January 17, 2017
    1. 82 FR 5292 - Unified Registration System; Suspension of Effectiveness
      GPO FDSys XML | Text
      DEPARTMENT OF TRANSPORTATION, Federal Motor Carrier Safety Administration
      Final rule; suspension of effective date and temporary final rule.
      Effective Dates: This rule is effective January 14, 2017. Comment Dates: Petitions for reconsideration must be received by February 16, 2017.
      49 CFR Parts 360, 365, 366, 368, 385, 387, and 390
The section you are viewing is cited by the following CFR sections.

Title 49 published on 2015-12-03.

The following are only the Rules published in the Federal Register after the published date of Title 49.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2017-01-17; vol. 82 # 10 - Tuesday, January 17, 2017
    1. 82 FR 5292 - Unified Registration System; Suspension of Effectiveness
      GPO FDSys: XML | Text
      DEPARTMENT OF TRANSPORTATION, Federal Motor Carrier Safety Administration
      Final rule; suspension of effective date and temporary final rule.
      Effective Dates: This rule is effective January 14, 2017. Comment Dates: Petitions for reconsideration must be received by February 16, 2017.
      49 CFR Parts 360, 365, 366, 368, 385, 387, and 390