§3934.50. Bona fide purchasers.
43 C.F.R. § 3934.50
The BLM will not cancel a lease or an interest in a lease of a purchaser if at the time of purchase the purchaser was not aware and could not have reasonably determined from the BLM records the existence of a violation of any of the following:
Federal regulatory requirements;
The Act, as amended; or
Lease terms and conditions.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 396d and 2107, 30 U.S.C. 241(a), 42 U.S.C. 15927, 43 U.S.C. 1732(b), 1733, and 1740.
Source
Source: 73 FR 69480, Nov. 18, 2008, unless otherwise noted.