43 CFR § 3216.12 - When does a transferee take responsibility for lease obligations?

---
identifier: "/us/cfr/t43/s3216.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "43 CFR § 3216.12 - When does a transferee take responsibility for lease obligations?"
title_number: 43
title_name: "Public Lands: Interior"
section_number: "3216.12"
section_name: "When does a transferee take responsibility for lease obligations?"
chapter_name: "BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "C"
subchapter_name: "MINERALS MANAGEMENT (3000)"
part_number: "3200"
part_name: "GEOTHERMAL RESOURCE LEASING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "30 U.S.C. 1001-1028; 43 U.S.C. 1701  and Pub. L. 109-58."
regulatory_source: "72 FR 24400, May 2, 2007, unless otherwise noted."
cfr_part: "3200"
---


# 3216.12 When does a transferee take responsibility for lease obligations?

After BLM approves your transfer, the transferee is responsible for performing all lease obligations accruing after the date of the transfer, and for plugging and abandoning wells which exist and are not plugged and abandoned at the time of the transfer.