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e-CFR data is current as of September 17, 2020

Title 25Chapter ISubchapter HPart 166Subpart C → §166.226

Title 25: Indians
Subpart C—Permit Requirements

§166.226   May the holder of a leasehold mortgage assign the leasehold interest after a sale or foreclosure of an approved encumbrance?

Yes. The holder of a leasehold mortgage may assign a leasehold interest obtained by a sale or foreclosure of an approved encumbrance without our approval 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 permit interest (leasehold).

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