1. LawStack
  2. Title 43 - Public Lands: Interior
  3. Subtitle B - REGULATIONS RELATING TO PUBLIC LANDS
  4. Chapter II - BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
  5. Subchapter C - MINERALS MANAGEMENT (3000)
  6. Part 3500 - LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
  7. Subpart 3514 - Lease Relinquishments and Cancellations
  8. Topic - Cancellations, Forfeitures, and Other Situations
  9. 43 CFR § 3514.40
43 CFR § 3514.40
What if I am a bona fide purchaser and my lease is subject to cancellation?
June 11, 2020
CFR

(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.

Previous
§ 3514.32 Will BLM give me an opportunity to remedy a violation of the lease terms?

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