§162.554. What form of monetary compensation payment is acceptable under a WSR lease?

25 C.F.R. § 162.554

(a)

When payments are made directly to Indian landowners, the form of payment must be acceptable to the Indian landowners.

(b)

When payments are made to us, our preferred method of payment is electronic funds transfer payments. We will also accept:

(1)

Money orders;

(2)

Personal checks;

(3)

Certified checks; or

(4)

Cashier's checks.

(c)

We will not accept cash or foreign currency.

(d)

We will accept third-party checks only from financial institutions or Federal agencies.

Notes, amendments, and revision history

Source

Source: 77 FR 72494, Dec. 5, 2012, unless otherwise noted.

Authority

Authority: 5 U.S.C. 301, R.S. 463 and 465; 25 U.S.C. 2 and 9. Interpret or apply sec. 3, 26 Stat. 795, sec. 1, 28 Stat. 305, secs. 1, 2, 31 Stat. 229, 246, secs. 7, 12, 34 Stat. 545, 34 Stat. 1015, 1034, 35 Stat. 70, 95, 97, sec. 4, 36 Stat. 856, sec. 1, 39 Stat. 128, 41 Stat. 415, as amended, 751, 1232, sec. 17, 43 Stat. 636, 641, 44 Stat. 658, as amended, 894, 1365, as amended, 47 Stat. 1417, sec. 17, 48 Stat. 984, 988, 49 Stat. 115, 1135, sec. 55, 49 Stat. 781, sec. 3, 49 Stat. 1967, 54 Stat. 745, 1057, 60 Stat. 308, secs. 1, 2, 60 Stat. 962, sec. 5, 64 Stat. 46, secs. 1, 2, 4, 5, 6, 64 Stat. 470, 69 Stat. 539, 540, 72 Stat. 968, 107 Stat. 2011, 108 Stat. 4572, March 20, 1996, 110 Stat. 4016; 25 U.S.C. 380, 393, 393a, 394, 395, 397, 402, 402a, 403, 403a, 403b, 403c, 409a, 413, 415, 415a, 415b, 415c, 415d, 416, 477, 635, 2201 et seq., 3701, 3702, 3703, 3712, 3713, 3714, 3715, 3731, 3733, 4211; 44 U.S.C. 3101 et seq.

Source

Source: 66 FR 7109, Jan. 22, 2001, unless otherwise noted.

§162.554. What form of monetary compensation payment is acceptable under a WSR lease?

Source

Authority

Source

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