Us Code § 7217 - Transfer or change of interest in lands subject to contract
Full text of Us Code United States Code § 7217 — Transfer or change of interest in lands subject to contract, with citation guidance and answers to common questions.
§ 7217. Transfer or change of interest in lands subject to contract
(a) Termination
Except as provided in subsection (c), a transfer of (or change in) the interest of an owner or producer subject to a contract in the contract acreage covered by the contract shall result in the termination of the contract with respect to the acreage, unless the transferee or owner of the acreage agrees to assume all obligations under the contract. The termination shall be effective on the date of the transfer or change.
(b) Modification
At the request of the transferee or owner, the Secretary may modify the contract if the modifications are consistent with the objectives of this subchapter, as determined by the Secretary.
(c) Exception
If an owner or producer who is entitled to a contract payment dies, becomes incompetent, or is otherwise unable to receive the contract payment, the Secretary shall make the payment, in accordance with regulations prescribed by the Secretary.
(Pub. L. 104–127, title I, §117, Apr. 4, 1996, 110 Stat. 904.)
About This Section
7 U.S.C. § 7217 is part of Title 7 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.
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