Mackenzie Valley Land Use Regulations

38 (1) On receipt of an application in writing for approval of an assignment of a permit, the Board may approve the assignment with all of the original conditions or with amended conditions.

(2) An application for approval of an assignment of a permit shall be forwarded to the Board at least 10 days prior to the proposed effective date of the assignment and shall include

• (a) the permit number of the assignor;

• (b) the name and address of the proposed assignee;

• (c) a description of any other interests or rights that are held by, or are to be transferred to, the assignee and that are required by the assignee to obtain a permit under section 18;

• (d) an undertaking signed by the proposed assignee stating that the assignee will accept responsibility for all obligations under the permit, these Regulations or the Act that were imposed upon the permittee;

• (e) an undertaking signed by the proposed assignee stating that the assignee is willing to pay any security paid by the assignor when the permit was granted; and

• (f) the assignment fee set out in Schedule 1.

(3) The Board shall not authorize an assignment of a permit until any required security has been posted by the assignee in accordance with subsection 32(4).

(4) After the effective date of an assignment, the federal Minister shall refund any original security deposit to the assignor.