85-1-807. Assignment of leases -- subleasing not allowed. (1) A lease of project lands may be assigned on forms prescribed by the department. An assignment is not binding on the department unless the assignment is filed with and approved by the department. An assignment fee must be paid to the department at the time of filing the assignment.
(2) The department may not approve a contingent or collateral assignment of a lease.
(3) A lease may not be subleased.