30-U.S.C.-192A
§192A – Cancellation Or Modification of Contracts
Pathway
Title 30 > Chapter 3A > Subchapter I > Section 192a
Details
- Reference: Section 192a
- Legend: §192A – Cancellation Or Modification of Contracts
- USCode Year: 2013
Provision Content
Where, under any existing contract entered into pursuant to the first proviso in the second paragraph of section 192 of this title, any refinery is required to pay a premium price for the purchase of Government royalty oil, such refinery may, at its option, by written notice to the Secretary of the Interior, elect either—
(1) to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or
(2) to retain such contract with the modifications, that (a) the price, on and after March 1, 1949, shall be as defined in the contract, without premium payments, (b) any credit thereby resulting from past premium payments shall be added to the refinerys account, and (c) the Secretary may, at his option, elect to terminate the contract as so modified, such termination to take place at the end of the third calendar month following the month in which written notice thereof is given by the Secretary.
(Sept. 1, 1949, ch. 529, §1, 63 Stat. 682.)
Codification
Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter.
U.S. Encyclopedia of Law Coverage
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Subchapter I – General Provisions in the Legal Encyclopedia: Permits
In this entry about Subchapter I – General Provisions, find legal reference material, bibliographies and premiere content related to permits in the American Encyclopedia of Law, presenting a comprehensive view of the United States permits-specific issues, written by authorities in the field.
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