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Current as of January 02, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.1243.7 What must a person do when posting a bond or other surety instrument or demonstrating financial solvency on behalf of an appellant? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-1243-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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