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e-CFR data is current as of September 18, 2020

Title 25Chapter ISubchapter HPart 166Subpart C → §166.225


Title 25: Indians
PART 166—GRAZING PERMITS
Subpart C—Permit Requirements


§166.225   May a permittee voluntarily assign a leasehold interest under an approved encumbrance?

With our approval, under an approved encumbrance, a permittee voluntarily may assign the leasehold interest to someone other than the holder of a leasehold mortgage if the assignee agrees in writing to be bound by the terms of the permit. A permit may provide the Indian landowners with a right of first refusal on the conveyance of the leasehold interest.

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