10 U.S. Code § 7435 - Foreign interest

(a) If the laws, customs, or regulations of any foreign country deny the privilege of leasing public lands to citizens or corporations of the United States, citizens of that foreign country, or corporations controlled by citizens of that country, may not, by contract made after July 1, 1937, or by stock ownership, holding, or control, acquire or own any interest in, or right to any benefit from, any lease of land in the naval petroleum, naval oil shale, or other naval fuel reserves made under sections 181–184, 185–188, 189–194, 201, 202–209, 211–214, 223, 224–226, 226d, 226e, 227–229a, 241, 251, and 261–263 of title 30, or under this chapter.
(b) The Secretary may cancel any lease for any violation of this section.

Source

(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87–796, § 1(11),Oct. 11, 1962, 76 Stat. 906; Pub. L. 94–258, title II, § 201(17),Apr. 5, 1976, 90 Stat. 313.)

Historical and Revision Notes
Revised section Source (U.S. Code) Source (Statutes at Large)
7435 34 U.S.C. 524 (8th par.). June 4, 1920, ch. 228 (8th par. of amended 3d and 4th provisos), 41 Stat. 813; June 30, 1938, ch. 851, § 1, 52 Stat. 1254; June 17, 1944, ch. 262, 58 Stat. 281.

In subsection (a) the words “foreign country” are substituted for the words “another country” for clarity.
In subsection (b) the word “for” is substituted for the words “in the event of” for brevity.
References in Text

Section 194 of title 30, referred to in subsec. (a), was repealed by Pub. L. 89–554, § 8(a),Sept. 6, 1966, 80 Stat. 644.
Section 204 of title 30, referred to in subsec. (a), was repealed by Pub. L. 94–377, § 13(a),Aug. 4, 1976, 90 Stat. 1090, subject to valid existing rights.
Sections 226d and 226e of title 30, referred to in subsec. (a), were omitted from the Code. See section 226 of Title 30, Mineral Lands and Mining.
Section 227 of title 30, referred to in subsec. (a), was omitted from the Code.
Amendments

1976—Subsec. (b). Pub. L. 94–258struck out “of the Navy” after “Secretary”.
1962—Subsec. (a). Pub. L. 87–796substituted “land in the naval petroleum, naval oil shale, or other naval fuel reserves” for “land in the naval petroleum or other naval fuel reserves”.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

10 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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