§3100.32. Effect of option on acreage.
43 C.F.R. § 3100.32
The acreage to which the option is applicable will be charged both to the grantor of the option and the option holder. The acreage covered by an unexercised option remains charged during its term until notice of its relinquishment or surrender has been filed in the proper BLM office.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 396d and 2107; 30 U.S.C. 189, 306, 359, and 1751; 43 U.S.C. 1701 et seq.; and 42 U.S.C. 15801.
Source
Source: 89 FR 30966, Apr. 23, 2024, unless otherwise noted.