(1) Every person or corporation who, with the approval of the commission, procures any right, privilege or certificate of public convenience and necessity as a motor carrier either by sale, assignment, lease, transfer or inheritance must,

(a) within 30 days after the mailing of the notice of such approval by the commission, comply with all rules and regulations of the commission and the laws of the state of Montana necessary to begin actual operations as a motor carrier, and

(b) within 30 days after the necessary operating compliance has been met, a motor carrier must begin actual operations as a motor carrier.

(2) If a motor carrier fails to meet the necessary operating compliance or to begin actual operations within the required time periods, the failure will result in the revocation of the right, privilege or certificate held by the motor carrier.