Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter C - Minerals Management (3000) |
Part 3930 - Management of Oil Shale Exploration and Leases |
Subpart 3934 - Relinquishments, Cancellations, and Terminations |
§ 3934.50 - Bona fide purchasers.
Latest version.
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§ 3934.50 Bona fide purchasers.
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:
(a) Federal regulatory requirements;
(b) The Act, as amended; or
(c) Lease terms and conditions.