---
kind: "section"
citation: "30 C.F.R. § 556.704"
title: "30"
number: "556.704"
heading: "When may BOEM disapprove an assignment or sublease of an interest in my lease?"
url: "https://uscodex.org/cfr/30/556.704"
---

# §556.704. When may BOEM disapprove an assignment or sublease of an interest in my lease?

- (a) BOEM may disapprove an assignment or sublease of all or part of your lease interest(s):
  - (1) When the transferor, transferee, or sublessee is not in compliance with all applicable regulations and orders, including financial assurance requirements;
  - (2) When a transferor attempts a transfer that is not acceptable as to form or content (e.g., not on standard form, containing incorrect legal description, not executed by a person authorized to bind the corporation, transferee does not meet the requirements of [§ 556.401](/cfr/30/556.401.md)); or
  - (3) When the transfer does not conform to these regulations, or any other applicable laws or regulations (e.g., departmental debarment rules).
- (b) A transfer will be void if it is made pursuant to any prelease agreement that would cause a bid to be disqualified, such as those described in § [556.511(c)](/cfr/30/556.511.md?p=c), [(d)](/cfr/30/556.511.md?p=d), or [(e)](/cfr/30/556.511.md?p=e).

## Notes

### Amendments

[81 FR 18152, Mar. 30, 2016, as amended at 89 FR 31593, Apr. 24, 2024]

### Authority

Authority: 31 U.S.C. 9701; 42 U.S.C. 6213; 43 U.S.C. 1334.

### Source

Source: 81 FR 18152, Mar. 30, 2016, unless otherwise noted.

### Amendments

[81 FR 18152, Mar. 30, 2016, as amended at 89 FR 31593, Apr. 24, 2024]