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  5. 407 N.W.2d 447 (1987)
 

PETITION OF FRITZ TRUCKING, INC.

No. CX-86-2173.

407 N.W.2d 447 (1987)

In the Matter of the Joint Petition of FRITZ TRUCKING, INC. (Vernon O. Fritz), as Transferor, and M.V. Fritz Trucking, Inc. (Michael V. Fritz, Todd Ammerman and Gerald W. Ammerman), as Transferee, for an Order Authorizing and Approving the Transfer of Irregular Route Common Carrier Permit Held by the Transferor.

Court of Appeals of Minnesota.

Review Denied July 31, 1987.

Attorney(s) appearing for the Case

Ronald L. Snelling, Stanley C. Olsen, Jr., Olsen, Snelling & Christensen, Edina, for relators.

Hubert H. Humphrey, III, Atty. Gen., Allen E. Giles, Sp. Asst. Atty. Gen., St. Paul, for Transportation Regulation Bd.

Heard, considered and decided by PARKER, P.J., and SEDGWICK and LANSING, JJ.

OPINION

SEDGWICK, Judge.

The Minnesota Transportation Regulation Board (the Board) rescinded a permit transfer when it was informed that the transferee's, M.V. Fritz Trucking, Inc., officers were "figureheads," and the stock was actually held by two individuals who also owned all the stock in a second trucking operation. The transferor and transferee appeal. We affirm.

FACTS

On March 31, 1986 the Board received a joint petition from Fritz...

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