OAR 635-004-0495. Transferability of Yaquina Bay Roe-Herring Permits

(1) Any transfer of a Yaquina Bay Roe-Herring Permit without the written consent of each person holding a security interest in such permit is void. (2) A Yaquina Bay Roe-Herring Permit is transferable to: (a) A replacement vessel of the permit holder; or, upon request of a permit holder, the Department may authorize transfer of a permit to a replacement vessel owned by an individual other than the permit holder. “Replacement vessel” means a vessel purchased to replace a permitted vessel which had been lost due to fire, capsizing, sinking or other event; (b) The purchaser of the vessel when the vessel is sold.