1. Regulations
  2. title 30
  3. chapter II
  4. part 203
  5. subpart B
  6. subjgrp 8
  7. § 203.56

View all text of Subjgrp 8 [§ 203.50 - § 203.56]

§ 203.56 - Does relief transfer when a lease is assigned?

Yes. Royalty relief is based on the lease circumstances, not ownership. It transfers upon lease assignment.

AUTHORITY: 25 U.S.C. 396

SOURCE: 76 FR 64462, Oct. 18, 2011, unless otherwise noted.

CITE AS: 30 CFR 203.56