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Office of the Revisor of Statutes

Any permit sold at public auction may be assigned upon written approval of the
commissioner. The assignment of any permit shall be signed and acknowledged by the permit
holder. The commissioner shall not approve any assignment until the assignee has given to the
state a bond which shall be substantially in the form of, and shall be deemed of the same effect as,
the bond required of the original purchaser. The commissioner may accept the agreement of the
assignee and any corporate surety upon such original bond, substituting the assignee in the place
of such original purchaser and continuing such original bond in full force and effect, as to the
assignee. Thereupon but not otherwise the permit holder making the assignment shall be released
from all liability arising or accruing from actions taken after the assignment became effective.
History: (6394-19) 1925 c 276 s 19; 1961 c 202 s 16; 1969 c 366 s 4; 1986 c 444