Code of Federal Regulations · Section

§ 3934.50 — Bona Fide Purchasers

43 C.F.R. § 3934.50

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The BLM will not cancel a lease or an interest in a lease of a purchaser if at the time of purchase the purchaser was not aware and could not have reasonably determined from the BLM records the existence of a violation of any of the following:

(a) Federal regulatory requirements;

(b) The Act, as amended; or

43 C.F.R. § 3934.40

Authorizing Statute

Leases of lands
30 U.S.C. § 241
Rules and regulations governing operations; limitations on oil or gas leases
25 U.S.C. § 396d
Oil shale, tar sands, and other strategic unconventional fuels
42 U.S.C. § 15927
Management of use, occupancy, and development of public lands
43 U.S.C. § 1732