Title 16, ConservationRelease 119-102

§33 Mortgages by Lessees Within the Park

Title 16 › CHAPTER 1 — NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES › SUBCHAPTER V — YELLOWSTONE NATIONAL PARK › § 33

Last updated Aug 21, 2026|Official source

Summary

Leaseholders in Yellowstone may, with the Secretary of the Interior’s approval, use their lease rights, property, franchises, and contracts as security for mortgages. Those mortgages and the Secretary’s approval can be recorded in the Secretary’s office and treated as public records. Such mortgages do not stop the Government from enforcing the lease or contract. A buyer at foreclosure must accept the lease and all conditions the original lessee or contractor agreed to.

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

Aug 21, 2026

Release point: 119-102