10-U.S.C.-7435

§7435 – Foreign Interest

Pathway

Title 10 > Subtitle C > Part IV > Chapter 641 > Section 7435

Details

• Reference: Section 7435
• Legend: §7435 – Foreign Interest
• USCode Year: 2013

Provision Content

(a) If the laws, customs, or regulations of any foreign country deny the privilege of leasing public lands to citizens or corporations of the United States, citizens of that foreign country, or corporations controlled by citizens of that country, may not, by contract made after July 1, 1937, or by stock ownership, holding, or control, acquire or own any interest in, or right to any benefit from, any lease of land in the naval petroleum, naval oil shale, or other naval fuel reserves made under sections 181–184, 185–188, 189–194, 201, 202–209, 211–214, 223, 224–226, 226d, 226e, 227–229a, 241, 251, and 261–263 of title 30, or under this chapter.

(b) The Secretary may cancel any lease for any violation of this section.

(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87–796, §1(11), Oct. 11, 1962, 76 Stat. 906; Pub. L. 94–258, title II, §201(17), Apr. 5, 1976, 90 Stat. 313.)

In subsection (a) the words foreign country are substituted for the words another country for clarity.

In subsection (b) the word for is substituted for the words in the event of for brevity.

References in Text

Section 194 of title 30, referred to in subsec. (a), was repealed by Pub. L. 89–554, §8(a), Sept. 6, 1966, 80 Stat. 644.

Section 204 of title 30, referred to in subsec. (a), was repealed by Pub. L. 94–377, §13(a), Aug. 4, 1976, 90 Stat. 1090, subject to valid existing rights.

Sections 226d and 226e of title 30, referred to in subsec. (a), were omitted from the Code. See section 226 of Title 30, Mineral Lands and Mining.

Section 227 of title 30, referred to in subsec. (a), was omitted from the Code.

Amendments

1976—Subsec. (b). Pub. L. 94–258 struck out of the Navy after Secretary.

1962—Subsec. (a). Pub. L. 87–796 substituted land in the naval petroleum, naval oil shale, or other naval fuel reserves for land in the naval petroleum or other naval fuel reserves.

U.S. Encyclopedia of Law Coverage

10-U.S.C.-7435 in the Legal Encyclopedia: Navy

In this entry about 10-U.S.C.-7435, find legal reference material, bibliographies and premiere content related to navy in the American Encyclopedia of Law, presenting a comprehensive view of the United States navy-specific issues, written by authorities in the field.

10-U.S.C.-7395 in the Legal Encyclopedia: Navy Administration

In this entry about 10-U.S.C.-7395, find legal reference material, bibliographies and premiere content related to navy administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States navy administration-specific issues, written by authorities in the field.

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