25 C.F.R. · Indians
25 C.F.R. § 162.448

How will BIA decide whether to approve an amendment to a business lease?

Title 25 C.F.R. ● ACTIVE Primary Source
Regulatory Text

25 C.F.R. § 162.448 — How will BIA decide whether to approve an amendment to a business lease?

§ 162.448 How will BIA decide whether to approve an amendment to a business lease? (a) We may disapprove a business lease amendment only if at least one of the following is true: (1) The Indian landowners have not consented and their consent is required; (2) The lessee's mortgagees or sureties have not consented; (3) The lessee is in violation of the lease; (4) The requirements of this subpart have not been met; or (5) We find a compelling reason to withhold our approval in order to protect the best interests of the Indian landowners. (b) We will defer, to the maximum extent possible to the Indian landowners' determination that the amendment is in their best interest. (c) We may not unreasonably withhold approval of an amendment. Assignments

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR25-SEC-0D456A
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25 C.F.R. § 162.448
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The regulatory text of 25 C.F.R. § 162.448 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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