1. LawStack
  2. Title 36 - Parks, Forests, and Public Property
  3. Chapter I - NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
  4. Part 51 - CONCESSION CONTRACTS
  5. Subpart J - Assignment or Encumbrance of Concession Contracts
  6. 36 CFR § 51.89
36 CFR § 51.89
What happens if there is a default on an encumbrance approved by the Director?
November 4, 2020
CFR

In the event of default on an encumbrance approved by the Director in accordance with this part, the creditor, or an assignee of the creditor, may succeed to the interests of the concessioner only to the extent provided by the approved encumbrance, this part and the terms and conditions of the applicable concession contract.

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§ 51.88 What happens if an assignment or encumbrance is completed without the approval of the Director?
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§ 51.90 How does the concessioner get the Director's approval before making an assignment or encumbrance?

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