77-3-105. Assignment of leases or permits.
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/mt/title-77/chapter-3/part-1/77-3-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
77-3-105 . Assignment of leases or permits. In case of the assignment of a mining lease or a prospecting permit by the holder thereof, the mining lessee or permittee executing the assignment is not relieved of any responsibility for operations under the lease or prospecting permit until:
(1)the financial and moral responsibility of the assignee has been approved by the board; and
(2)there is deposited with the department:
(a)the assignment or an executed copy thereof;
(b)an instrument executed by the sureties upon any bonds then held by the board in connection with the mining lease or permit and then in force, consenting to the assignment and containing the agreement of the sureties to be bound by the bonds under the assignment or new bonds conforming to all the requirements of 77-3-119 ; and
(c)a fee prescribed under 77-1-302 .