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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle B - Regulations Relating to Public Lands |
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Chapter II - Bureau of Land Management, Department of the Interior |
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SubChapter C - Minerals Management (3000) |
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Part 3600 - Mineral Materials Disposal |
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Subpart 3602 - Mineral Materials Sales |
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Administration of Sales |
§ 3602.24 - When may I assign my materials sales contract?
Latest version.
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§ 3602.24 When may I assign my materials sales contract?
(a) You may not assign the contract or any interest therein unless BLM approves the transfer in writing.
(b) BLM will not approve your proposed assignment of contract, unless -
(1) Your assignee -
(i) Furnishes a financial guarantee as required by § 3602.14; or
(ii) Obtains a written commitment from the previous surety that it will be bound by the assignment when BLM approves it; and
(2) The assignment contains all the terms and conditions in your contract.