§ 222.12-1 - Certificate of exemption not transferable; exception.

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Certificates of exemption issued under this subpart are not transferable: Provided, That in the event of the lease, sale or other transfer of the operations or activity authorized by the certificate of exemption the successor is not required by this subpart to obtain a new certificate of exemption prior to commencing such operations or activity. In such case, the successor will be treated as a purchaser and must comply with the record and reporting requirements set forth in § 222.11-8.

                    
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