Code of Federal Regulations · Section
§ 166.225 — May A Permittee Voluntarily Assign A Leasehold Interest Under An Approved Encumbrance?
25 C.F.R. § 166.225
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With our approval, under an approved encumbrance, a permittee voluntarily may assign the leasehold interest to someone other than the holder of a leasehold mortgage if the assignee agrees in writing to be bound by the terms of the permit. A permit may provide the Indian landowners with a right of first refusal on the conveyance of the leasehold interest.
Authorizing Statute
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Leases of restricted lands25 U.S.C. § 415
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Regulations by President25 U.S.C. § 9
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Departmental regulations5 U.S.C. § 301
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Records management by agency heads; general duties44 U.S.C. § 3101
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Driving stock to feed on lands25 U.S.C. § 179
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Transferred25 U.S.C. § 466
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Leases of lands held in trust25 U.S.C. § 403
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Leases of lands for grazing or mining25 U.S.C. § 397
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Leases of arid allotted lands25 U.S.C. § 394
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Findings25 U.S.C. § 3701
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Transferred25 U.S.C. § 476
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Leases of restricted allotments25 U.S.C. § 393
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Duties of Commissioner25 U.S.C. § 2
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Leases of surplus lands25 U.S.C. § 402