§ 1425. — Relinquishment, surrender, and transfer of licenses and permits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 30USC1425]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 26--DEEP SEABED HARD MINERAL RESOURCES
SUBCHAPTER I--REGULATION OF EXPLORATION AND COMMERCIAL RECOVERY BY
UNITED STATES CITIZENS
Sec. 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.
Any licensee or permittee who surrenders a license or permit, or
relinquishes any such right, shall remain liable with respect to all
violations and penalties incurred, and damage to persons or property
caused, by the licensee or permittee as a result of activities engaged
in by the licensee or permittee under such 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, Sec. 115, June 28, 1980, 94 Stat. 572.)
