§ 1243.7. What must a person do when posting a bond or other surety instrument or demonstrating financial solvency on behalf of an appellant?
126 words·~1 min read·
/us/cfr/t30/s§ 1243.7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If you assume an appellant's responsibility to post a bond or other surety instrument or demonstrate financial solvency under § 1243.5, you:
(a)Must notify ONRR in writing at the address specified in § 1243.200(a) that you are assuming the appellant's responsibility under this part;
(b)May not assert that you are not otherwise liable for royalties or other payments under 30 U.S.C. 1712(a), or any other theory, as a defense if ONRR calls your bond or requires you to pay based on your demonstration of financial solvency; and
(c)May end your voluntarily-assumed responsibility for posting a bond or other surety instrument only after the appellant under this part either:
(1)Pays or posts a bond or other surety instrument; or
(2)Demonstrates financial solvency.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
§ 1243.7
What must a person do when posting a bond or other surety instrument or demonstrating financial solvency on behalf of an appellant?
Cites 1Cited by 0 across 0 sources