---
kind: "section"
citation: "25 C.F.R. § 141.5"
title: "25"
number: "141.5"
heading: "Reservation business license required."
url: "https://uscodex.org/cfr/25/141.5"
---

# §141.5. Reservation business license required.

- (a) No person may own or lease a reservation business without a license issued under the provisions of this subpart.
- (b) The applicant shall apply in writing on a form provided by the Commissioner setting forth the following:
  - (1) **The full name and residence of the applicant.**
  - (2) **Three (3) responsible references.**
  - (3) **The firm name and the name of each member of the board of directors if the applicant is a firm.**
  - (4) Satisfactory evidence as to the character, experience and business ability of the applicant and the employees of the applicant.
  - (5) Satisfactory evidence of the general fitness of the applicant and employees of the applicant to reside on the Indian reservation.
- (c) Upon the request of the Commissioner, the applicant shall furnish the following:
  - (1) The capital invested or to be invested and, of this, the amount of capital owned and the amount borrowed or to be borrowed.
  - (2) The name of the lender of any borrowed capital, the date due, the rate of interest to be paid, and the names of any endorsers and security.
  - (3) A copy of any contract or trade agreement whether oral or written with creditors or financing individuals or institutions, including any stipulations whereby financing fees are to be paid.
- (d) Information that if released might adversely affect the competitive position of the applicant shall remain confidential.

## Notes

### Amendments

[40 FR 39837, Aug. 29, 1975, as amended at 41 FR 3288, Jan. 22, 1976. Redesignated at 47 FR 13327, Mar. 30, 1982]

### Authority

Authority: 5 U.S.C. 301; 25 U.S.C. 2 and 9; and Sec. 701, Pub. L. 114-74, 129 Stat. 599, unless otherwise noted.

### Source

Source: 40 FR 39835, Aug. 29, 1975, unless otherwise noted. Redesignated at 47 FR 13327, Mar. 30, 1982.

### Amendments

[40 FR 39837, Aug. 29, 1975, as amended at 41 FR 3288, Jan. 22, 1976. Redesignated at 47 FR 13327, Mar. 30, 1982]