2019 US Code
Title 25 - Indians
Chapter 12 - Lease, Sale, or Surrender of Allotted or Unallotted Lands
Sec. 396c - Lessees of restricted lands to furnish bonds for performance
| 25 U.S.C. § 396c (2019) |
| §396c. Lessees of restricted lands to furnish bonds for performance |
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On and after May 11, 1938, lessees of restricted Indian lands, tribal or allotted, for mining purposes, including oil and gas, shall furnish corporate surety bonds, in amounts satisfactory to the Secretary of the Interior, guaranteeing compliance with the terms of their leases: Provided, That personal surety bonds may be accepted where the sureties deposit as collateral with the said Secretary of the Interior any public-debt obligations of the United States guaranteed as to principal and interest by the United States equal to the full amount of such bonds, or other collateral satisfactory to the Secretary of the Interior, or show ownership to unencumbered real estate of a value equal to twice the amount of the bonds. |
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(May 11, 1938, ch. 198, §3, 52 Stat. 348.) |
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REPEAL OF INCONSISTENT ACTS
For repeal of inconsistent acts, see section 7 of act May 11, 1938, set out as a note under section 396a of this title. |
| United States Code, 2018 Edition, Supplement 1, Title 25 - INDIANS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 25 - INDIANS CHAPTER 12 - LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS Sec. 396c - Lessees of restricted lands to furnish bonds for performance |
| section 396c |
| 2019 |
| January 24, 2020 |
| No |
| standard |
| 52 Stat. 348 |
