43 C.F.R. § 3602.24   When may I assign my materials sales contract?


Title 43 - Public Lands: Interior


Title 43: Public Lands: Interior
PART 3600—MINERAL MATERIALS DISPOSAL
Subpart 3602—Mineral Materials Sales
Administration of Sales

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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.

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