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43 U.S.C. § 316i — Assignment of leases
submitted 99 years ago by ch. 513 to r/title-43-PUBLIC-LANDS · 43 words · no verdicts yet
in plain englishAI-generated · not legal advice
A lessee can transfer part or all of a grazing lease. The Secretary must approve the transfer first. Once approved, the lessee is freed from responsibilities that arise after the transfer takes effect.
This section lets a lessee pass a lease along to someone else.
A lessee may assign — that is, transfer — a grazing lease, either the whole thing or just part of it. This requires the Secretary's approval.
Once the Secretary approves an assignment, the original lessee is relieved of liability for the assigned portion, but only for obligations that come up after the assignment takes effect. The lessee is still responsible for anything owed before that date.
the actual law source: uscode.house.gov ↗public domain
The lessee* may, with the approval of the Secretary*, assign in whole or in part any lease, and to the extent of such assignment be relieved from any liability in respect of such lease, accruing subsequent to the effective date of such assignment.
Source credit: (Mar. 4, 1927, ch. 513, § 10, 44 Stat. 1453.)
history & why it existsrecord from the source credit
- 1927Enacted · Act of Mar. 4, 1927, ch. 513 · 44 Stat. 1453
A history note hasn’t been published yet. The record shows enactment by ch. 513 on 1927-03-04.
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