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Code · CFR · Title 25 — Indians · Part 162 · § 162.582

§ 162.582. May a lessee mortgage a WSR lease?

53 words·~1 min read·/us/cfr/t25/s§ 162.582·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)A lessee may mortgage a WSR lease by meeting the consent requirements in § 162.583 and obtaining our approval of the leasehold mortgage under §§ 162.584 and 162.585.
(b)Refer to § 162.574(c) for information on what happens if a sale or foreclosure under an approved mortgage of the leasehold interest occurs.
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