1. (a) Transfer of permit. When the permit is transferred from one owner/operator ("transferor") to another owner/operator ("transferee"), the transferee shall either provide new financial assurance or assume the existing assurance, if adequate in amount.
2. (b) Release of transferor's financial assurance. The DEQ will not release the transferor's financial assurance until the transferee has obtained approved financial assurance.

Added at 20 Ok Reg 1151, eff 6-1-03