C.R.S. § 40-10.1-205

(1) A certificate or permit, or rights obtained under a certificate or permit, that are held, owned, or obtained by any common carrier or contract carrier may be sold, assigned, leased, encumbered, or transferred as other property, subject to prior authorization by the commission. (2) Absent other facts, the fact that a common carrier or contract carrier conducts operations with independent contractors does not in and of itself constitute a lease or transfer of the certificate. (3) An existing certificate or permit shall not be transferred unless the fitness of the transferee is established to the satisfaction of the commission.