---
kind: "section"
citation: "43 C.F.R. § 3602.24"
title: "43"
number: "3602.24"
heading: "When may I assign my materials sales contract?"
url: "https://uscodex.org/cfr/43/3602.24"
---

# §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](/cfr/43/3602.14.md); 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.**

## Notes

### Authority

Authority: 30 U.S.C. 601 et seq.; 43 U.S.C. 1201, 1701 et seq.; Sec. 2, Act of September 28, 1962 (Pub. L. 87-713, 76 Stat. 652).

### Source

Source: 66 FR 58901, Nov. 23, 2001, unless otherwise noted.