---
kind: "section"
citation: "43 C.F.R. § 3514.40"
title: "43"
number: "3514.40"
heading: "What if I am a bona fide purchaser and my lease is subject to cancellation?"
url: "https://uscodex.org/cfr/43/3514.40"
---

# §3514.40. What if I am a bona fide purchaser and my lease is subject to cancellation?

- (a) If you are a bona fide purchaser, BLM will not cancel your lease or your interest in a lease based on your predecessor's actions. However, you must be sure that the lease is in compliance with the terms and conditions required by BLM.
- (b) BLM will promptly take action to dismiss any party who shows they are a bona fide purchaser from any legal proceedings to cancel the lease.

## Notes

### Authority

Authority: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701 et seq.; and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix).

### Source

Source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.