43 C.F.R. § 3602.15

What will happen to my bond if I transferred all of my interests or operations to another bonded party?

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BLM will cancel your bond obligations following approval of the transfer of your interests or operations if the transferee provides a bond that assumes all of your existing liabilities as required in § 3602.24. However, under § 3602.26, you remain liable for any reclamation or other obligation that accrued during the time you held your interest.