Us Code § 396c - Lessees of restricted lands to furnish bonds for performance
Full text of Us Code United States Code § 396c — Lessees of restricted lands to furnish bonds for performance, with citation guidance and answers to common questions.
§ 396c. Lessees of restricted lands to furnish bonds for performance
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.
(May 11, 1938, ch. 198, §3, 52 Stat. 348.)
Statutory Notes and Related Subsidiaries
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.
About This Section
25 U.S.C. § 396c is part of Title 25 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
This section may be cited in legal writing as 25 U.S.C. § 396c. For the most current official text, including any recent amendments, use the official source links below. Do not rely on this page as the sole authority for legal citation or litigation.
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