Title 16 — ConservationRelease 119-73not60
§33 Mortgages by Lessees Within the Park
Title 16 › Chapter 1— NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES › Subchapter V— YELLOWSTONE NATIONAL PARK › § 33
Summary
Allows Yellowstone lessees to mortgage their lease, property, franchises, and contracts with the Secretary of the Interior if the Secretary approves. Those mortgages can be filed with the Secretary and will be treated as public records. They remain subject to the Government’s right to enforce the lease, and a foreclosure buyer takes the property under the same lease terms.
Full Legal Text
Title 16, §33
Conservation — Source: USLM XML via OLRC
Any person, corporation, or company holding a lease within Yellowstone Park for the purposes described in section 32 of this title is authorized, with the approval of the Secretary of the Interior, to execute mortgages upon his or its rights, properties, and franchises, including his or its contract or contracts with the Secretary of the Interior, and such mortgages, together with the approval of the Secretary of the Interior may be filed for record in the office of the Secretary of the Interior, and when so recorded shall have all the effect of a public record. Any mortgage, lien, or encumbrance created under the provisions of this section shall be subject to the rights of the Government to compel the enforcement of the terms of the lease or contract of the mortgagor, and any purchaser under a foreclosure of such encumbrance shall take subject to all the conditions assumed by the original lessee or contractor.
Reference
Citations & Metadata
Citation
16 U.S.C. § 33
Title 16 — Conservation
Last Updated
Apr 5, 2026
Release point: 119-73not60