25 C.F.R. · Indians
25 C.F.R. § 227.16

Crediting advance annual payments.

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

25 C.F.R. § 227.16 — Crediting advance annual payments.

§ 227.16 Crediting advance annual payments. In the event of discovery of minerals in paying quantities all advance rents and advance royalties shall be allowed as credit on stipulated royalties as they accrue for the year for which such advance payments have been made. No refund of any such advance payment made under any lease will be allowed in the event the royalty on production for the year is not sufficient to equal such advance payment; nor will any part of the moneys so paid be refunded to the lessee because of any subsequent surrender or cancellation of the lease.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR25-SEC-60499E
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
25 C.F.R. § 227.16
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
Source
PRIMARY-SOURCE
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✓ TRUE
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The regulatory text of 25 C.F.R. § 227.16 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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boisestandard.org United States Law CFR Title 25 25 C.F.R. § 227.16