
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC7435]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                  CHAPTER 641--NAVAL PETROLEUM RESERVES
 
Sec. 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.

(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87-796, Sec. 1(11), 
Oct. 11, 1962, 76 Stat. 906; Pub. L. 94-258, title II, Sec. 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.).            Ju
ne 4, 1920, ch. 228 (8th par. of
                                                                              a
mended 3d and 4th provisos), 41
                                                                              S
tat. 813; June 30, 1938, ch. 851,
                                                                              S
ec.  1, 52 Stat. 1254; June 17,
                                                                              1
944, ch. 262, 58 Stat. 281.
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---------------------------------

    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, Sec. 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, Sec. 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. 94-258 struck out ``of the Navy'' after 
``Secretary''.
    1962--Subsec. (a). Pub. L. 87-796 substituted ``land in the naval 
petroleum, naval oil shale, or other naval fuel reserves'' for ``land in 
the naval petroleum or other naval fuel reserves''.

                  Section Referred to in Other Sections

    This section is referred to in title 43 section 1601.
