Permits granted under the rules of this chapter and the act shall be personal to the holder thereof and shall not be assigned or transferable. In the event of a change of ownership the new operator shall currently hold a Class I permit or shall secure a Class I prior to change of ownership. Upon change of ownership where the new operator chooses to operate the business as a separate legal entity other than his existing Class I permit then he must meet the requirements of a new Class I permit, except the Class I testing. After change of ownership the new Class I permit holder shall secure minimum storage requirements within one year and meet requirements of 420:10-1-9(1).
Okla. Admin. Code § 420:10-1-11