25 USC § 396c - Lessees of restricted lands to furnish bonds for performance

---
identifier: "/us/usc/t25/s396c"
source: "usc"
legal_status: "official_prima_facie"
title: "25 USC § 396c - Lessees of restricted lands to furnish bonds for performance"
title_number: 25
title_name: "INDIANS"
section_number: "396c"
section_name: "Lessees of restricted lands to furnish bonds for performance"
chapter_number: 12
chapter_name: "LEASE, SALE, OR SURRENDER OF ALLOTTED OR UNALLOTTED LANDS"
positive_law: false
currency: "119-84"
last_updated: "2025-07-14"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(May 11, 1938, ch. 198, § 3, 52 Stat. 348.)"
---


# § 396c. Lessees of restricted lands to furnish bonds for performance

May 11, 1938*Provided*

On and after , lessees of restricted Indian lands, tribal or allotted, for mining purposes, including oil and gas, shall furnish corporate surety bonds, in amounts satisfactory to the Secretary of the Interior, guaranteeing compliance with the terms of their leases: , That personal surety bonds may be accepted where the sureties deposit as collateral with the said Secretary of the Interior any public-debt obligations of the United States guaranteed as to principal and interest by the United States equal to the full amount of such bonds, or other collateral satisfactory to the Secretary of the Interior, or show ownership to unencumbered real estate of a value equal to twice the amount of the bonds.

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**Source Credit**: (May 11, 1938, ch. 198, § 3, 52 Stat. 348.)

## Statutory Notes and Related Subsidiaries

### Repeal of Inconsistent Acts

For repeal of inconsistent acts, see section 7 of act , set out as a note under .