36 CFR § 51.86

36 CFR · Parks, Forests, and Public Property

§ 51.86 — What encumbrances require the approval of the Director?

36 CFR § 51.86

TitleTitle 36: Parks, Forests, and Public Property PartPart 51: Concession Contracts

SourceeCFR (current through Apr 2, 2026)

This text of 36 C.F.R. § 51.86 (What encumbrances require the approval of the Director?) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

36 C.F.R. § 51.86 (2026).

Text

§ 51.86 What encumbrances require the approval of the Director? The concessioner may not encumber, pledge, mortgage or otherwise provide as a security interest for any purpose (such transactions collectively referred to as “encumbrances” for purposes of this part), without the prior written approval of the Director, any of the following:

(a)Any concession contract;

(b)Any rights to operate under or manage performance under a concession contract as a subconcessioner or otherwise;

(c)Any controlling interest in a concessioner or concession contract; or

(d)Any leasehold surrender interest or possessory interest obtained under a concession contract.

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§ 51.86 What encumbrances require the approval of the Director?

The concessioner may not encumber, pledge, mortgage or otherwise provide as a security interest for any purpose (such transactions collectively referred to as “encumbrances” for purposes of this part), without the prior written approval of the Director, any of the following:

(a) Any concession contract;

(b) Any rights to operate under or manage performance under a concession contract as a subconcessioner or otherwise;

(c) Any controlling interest in a concessioner or concession contract; or

(d) Any leasehold surrender interest or possessory interest obtained under a concession contract.