§ 166.225. May a permittee voluntarily assign a leasehold interest under an approved encumbrance?
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/us/cfr/t25/s§ 166.225·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With our approval, under an approved encumbrance, a permittee voluntarily may assign the leasehold interest to someone other than the holder of a leasehold mortgage if the assignee agrees in writing to be bound by the terms of the permit. A permit may provide the Indian landowners with a right of first refusal on the conveyance of the leasehold interest.