U.S Code last checked for updates: Apr 24, 2024
§ 1425.
Relinquishment, surrender, and transfer of licenses and permits
(a)
Relinquishment and surrender
Any licensee or permittee may at any time, without penalty—
(1)
surrender to the Administrator a license or a permit issued to the licensee or permittee; or
(2)
relinquish to the Administrator, in whole or in part, any right to conduct any exploration or commercial recovery activities authorized by the license or permit.
(b)
Transfer

Any license or permit, upon written request of the licensee or permittee, may be transferred by the Administrator; except that no such transfer may occur unless the proposed transferee is a United States citizen and until the Administrator determines that (1) the proposed transfer is in the public interest, and (2) the proposed transferee and the exploration or commercial recovery activities the transferee proposes to conduct meet the requirements of this chapter and regulations issued under this chapter.

(Pub. L. 96–283, title I, § 115, June 28, 1980, 94 Stat. 572.)
cite as: 30 USC 1425