25 CFR Ch. I (4-1-15 Edition) 214.12: 214.12 Time of Payment of Royalties
25 CFR Ch. I (4-1-15 Edition) 214.12: 214.12 Time of Payment of Royalties
25 CFR Ch. I (4-1-15 Edition) 214.12: 214.12 Time of Payment of Royalties
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Homesteads.
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214.22
214.18 Assignments.
Approved leases or any interest
therein may be transferred or assigned
with the consent and approval of the
Secretary of the Interior and not otherwise. Transfers or assignments, when
so approved, shall be subject to the
terms and conditions of the original
leases and regulations under which
such leases were approved as well as to
such additional requirements as the
Secretary of the Interior may prescribe. The transferee or assignee shall
furnish with his transfer or assignment
a satisfactory bond as prescribed in
214.4 in connection with leases. Any
attempt to transfer or assign an approved lease or any interest therein
without the consent and approval of
the Secretary of the Interior shall be
absolutely void and shall subject the
original lease to cancellation in the
discretion of the secretary.
214.19 Cancellation.
When a lessee makes application for
the cancellation of a lease in whole or
in part, all royalties or rentals due up
to and including the date of the application for cancellation must be paid,
and that part of the lease delivered to
the lessee shall be surrendered before
such application will be considered. In
the event a lease is surrendered for
Serving of notices.
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