Current through September 30, 2024
Section 29.170 - What are my responsibilities if I transfer my right to operate?(a) If your operations are being conducted under § 29.44 , you must notify the Service in writing within 30 calendar days from the date the new operator acquires the rights to conduct operations. Your written notification must include:(1) The names and addresses of the person or entity conveying the right and of the person or entity acquiring the right;(2) The effective date of transfer;(3) The description of the rights, assets, and liabilities being transferred and which ones, if any, are being reserved by the previous operator; and(4) A written acknowledgement from the new operator that the contents of the notification are true and correct.(b) If your operations are being conducted under § 29.43 or an operations permit: (1) You must provide notice under paragraph (a) of this section.(2) You remain responsible for compliance with your operations permit, and we will retain your financial assurance until the new operator: (i) Adopts and agrees in writing to conduct operations in accordance with all terms and conditions of your operations permit;(ii) Provides financial assurance with us that is acceptable to the Service and made payable to the Service; and(iii) Receives written notification from the Service that transfer of the operations permit has been approved.