---
kind: "section"
citation: "36 C.F.R. § 51.86"
title: "36"
number: "51.86"
heading: "What encumbrances require the approval of the Director?"
url: "https://uscodex.org/cfr/36/51.86"
---

# §51.86. What encumbrances require the approval of the Director?


The concessioner may not encumber, pledge, mortgage or otherwise provide as a security interest for any purpose (such transactions collectively referred to as “encumbrances” for purposes of this part), without the prior written approval of the Director, any of the following:

- (a) Any concession contract;
- (b) Any rights to operate under or manage performance under a concession contract as a subconcessioner or otherwise;
- (c) Any controlling interest in a concessioner or concession contract; or
- (d) **Any leasehold surrender interest or possessory interest obtained under a concession contract.**

## Notes

### Authority

Authority: 54 U.S.C. 101901-101926 and title IV of the National Parks Omnibus Management Act of 1998 (Pub. L. 105-391).

### Source

Source: 65 FR 20668, Apr. 17, 2000, unless otherwise noted.