43 CFR 3602.15
§ 3602.15 What will happen to my bond if I transferred all of my interests or operations to another bonded party?
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3602.15, § 3602.15 What will happen to my bond if I transferred all of my interests or operations to another bonded party?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/213506
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Full text
BLM will cancel your bond obligations following approval of the transfer of your interests or operations if the transferee provides a bond that assumes all of your existing liabilities as required in § 3602.24. However, under § 3602.26, you remain liable for any reclamation or other obligation that accrued during the time you held your interest.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.