2017 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps
Part IV - General Administration
Chapter 641 - Naval Petroleum Reserves
Sec. 7435 - Foreign interest
10 U.S.C. § 7435 (2017) | ||||||
§7435. Foreign interest | ||||||
(a) If the laws, customs, or regulations of any foreign country deny the privilege of leasing public lands to citizens or corporations of the United States, citizens of that foreign country, or corporations controlled by citizens of that country, may not, by contract made after July 1, 1937, or by stock ownership, holding, or control, acquire or own any interest in, or right to any benefit from, any lease of land in the naval petroleum, naval oil shale, or other naval fuel reserves made under sections 181–184, 185–188, 189–194, 201, 202–209, 211–214, 223, 224–226, 226d, 226e, 227–229a, 241, 251, and 261–263 of title 30, or under this chapter. (b) The Secretary may cancel any lease for any violation of this section. |
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(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87–796, §1(11), Oct. 11, 1962, 76 Stat. 906; Pub. L. 94–258, title II, §201(17), Apr. 5, 1976, 90 Stat. 313.) |
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In subsection (a) the words "foreign country" are substituted for the words "another country" for clarity. In subsection (b) the word "for" is substituted for the words "in the event of" for brevity. REFERENCES IN TEXTSection 194 of title 30, referred to in subsec. (a), was repealed by Pub. L. 89–554, §8(a), Sept. 6, 1966, 80 Stat. 644. Section 204 of title 30, referred to in subsec. (a), was repealed by Pub. L. 94–377, §13(a), Aug. 4, 1976, 90 Stat. 1090, subject to valid existing rights. Sections 226d and 226e of title 30, referred to in subsec. (a), were omitted from the Code. See section 226 of Title 30, Mineral Lands and Mining. Section 227 of title 30, referred to in subsec. (a), was omitted from the Code. AMENDMENTS1976—Subsec. (b). Pub. L. 94–258 struck out "of the Navy" after "Secretary". 1962—Subsec. (a). Pub. L. 87–796 substituted "land in the naval petroleum, naval oil shale, or other naval fuel reserves" for "land in the naval petroleum or other naval fuel reserves". |
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United States Code, 2012 Edition, Supplement 5, Title 10 - ARMED FORCES | ||||||
Bills and Statutes | ||||||
United States Code | ||||||
Y 1.2/5: | ||||||
Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 641 - NAVAL PETROLEUM RESERVES Sec. 7435 - Foreign interest |
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section 7435 | ||||||
2017 | ||||||
January 12, 2018 | ||||||
Yes | ||||||
standard | ||||||
41 Stat. 813 52 Stat. 1254 58 Stat. 281 76 Stat. 906 80 Stat. 644 90 Stat. 313, 1090 |
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Public Law 87-796, Public Law 89-554, Public Law 94-258, Public Law 94-377 |