sec.493Security not affected by change in authority holder

### sec.493 Security not affected by change in authority holder This section applies if security for a petroleum authority is given under this part for an authority that is still in force and there is a subsequent change in the authority holder. Despite the subsequent change, the security, and any interest that accrues on it, continues for the benefit of the State and may be used under section 491 . If the security is in the form of money, until the security is replaced or refunded it continues for the holder from time to time of the authority. s 493 amd 2004 No. 26 s 168 ; 2007 No. 46 s 195 (sec.493-ssec.1) This section applies if security for a petroleum authority is given under this part for an authority that is still in force and there is a subsequent change in the authority holder. (sec.493-ssec.2) Despite the subsequent change, the security, and any interest that accrues on it, continues for the benefit of the State and may be used under section 491 . (sec.493-ssec.3) If the security is in the form of money, until the security is replaced or refunded it continues for the holder from time to time of the authority.