§ 556.700 May I assign or sublease all or any part of the record title interest in my lease?
§ 556.701 How do I seek approval of an assignment of the record title interest in my lease, or a severance of operating rights from that record title interest?
§ 556.702 When will my assignment result in a segregated lease?
§ 556.703 What is the effect of the approval of the assignment of 100 percent of the record title in a particular aliquot(s) of my lease and of the resulting lease segregation?
§ 556.704 When would BOEM disapprove an assignment or sublease of an interest in my lease?
§ 556.705 How do I transfer the interest of a deceased natural person who was a lessee?
§ 556.706 What if I want to transfer record title interests in more than one lease at the same time, but to different parties?
§ 556.707 What if I want to transfer different types of lease interests (not only record title interests) in the same lease to different parties?
§ 556.708 What if I want to transfer my record title interests in more than one lease to the same party?
§ 556.709 What if I want to transfer my record title interest in one lease to multiple parties?
§ 556.710 What is the effect of an assignment of a lease on an assignor’s liability under the lease?
§ 556.711 What is the effect of a record title holder’s sublease of operating rights on the record title holder’s liability?
§ 556.712 What is the effective date of a transfer?
§ 556.713 What is the effect of an assignment of a lease on an assignee’s liability under the lease?
§ 556.714 As a restricted joint bidder, may I transfer an interest to another restricted joint bidder?
§ 556.715 Are there any interests I may transfer or record without BOEM approval?
§ 556.716 What must I do with respect to the designation of operator on a lease when a transfer of record title is submitted?

Terms Used In CFR > Title 30 > Chapter V > Subchapter B > Part 556 > Subpart G - Transferring All or Part of the Record Title Interest in a Lease

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fraud: Intentional deception resulting in injury to another.
  • Joint resolution: A legislative measure which requires the approval of both chambers.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.