Code of Federal Regulations · Section
§ 478.51 — License Not Transferable
27 C.F.R. § 478.51
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Licenses issued under this part are not transferable. In the event of the lease, sale, or other transfer of the operations authorized by the license, the successor must obtain the license required by this part prior to commencing such operations. However, for rules on right of succession, see § 478.56.
Authorizing Statute
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Rules and regulations18 U.S.C. § 847
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Authority and functions of Director44 U.S.C. § 3504