43 CFR § 3514.40 - What if I am a purchaser and my lease is subject to cancellation?

---
identifier: "/us/cfr/t43/s3514.40"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "43 CFR § 3514.40 - What if I am a  purchaser and my lease is subject to cancellation?"
title_number: 43
title_name: "Public Lands: Interior"
section_number: "3514.40"
section_name: "What if I am a  purchaser and my lease is subject to cancellation?"
chapter_name: "BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "C"
subchapter_name: "MINERALS MANAGEMENT (3000)"
part_number: "3500"
part_name: "LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701  and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix)."
regulatory_source: "64 FR 53536, Oct. 1, 1999, unless otherwise noted."
cfr_part: "3500"
---


# 3514.40 What if I am a  purchaser and my lease is subject to cancellation?

(a) If you are a *bona fide* purchaser, BLM will not cancel your lease or your interest in a lease based on your predecessor's actions. However, you must be sure that the lease is in compliance with the terms and conditions required by BLM.

(b) BLM will promptly take action to dismiss any party who shows they are a *bona fide* purchaser from any legal proceedings to cancel the lease.