Transfer means any conveyance of an interest in a lease by assignment, sublease or otherwise. This definition includes the terms:Assignmentwhich means a transfer of all or a portion of the lessee's record title interest in a lease; andsubleasewhich means a transfer of a non-record title interest in a lease, i.e., a transfer of operating rights is normally a sublease and a sublease also is a subsidiary arrangement between the lessee (sublessor) and the sublessee, but a sublease does not include a transfer of a purely financial interest, such as overriding royalty interest or payment out of production, nor does it affect the relationship imposed by a lease between the lessee(s) and the United States.


43 CFR § 3100.0-5

Scoping language

As used in this part, the term:

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