§ 225.29 Corporate qualifications and requests for information.
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Title 25 CFR: Indians › Chapter I: BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR › Part 225: OIL AND GAS, GEOTHERMAL, AND SOLID MINERALS AGREEMENTS › Subpart B: Minerals Agreements › § 225.29: § 225.29 Corporate qualifications and requests for information.
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(a) The signing in a representative capacity of minerals agreements or assignments, bonds, or other instruments required by a minerals agreement or these regulations, constitutes certification that the individual signing (except a surety agent) is authorized to act in such a capacity. An agent for a surety shall furnish a power of attorney.
(b) A prospective corporate operator proposing to acquire an interest in a minerals agreement shall have on file with the Superintendent a statement showing:
(1) The State(s) in which the corporation is incorporated, and a notarized statement that the corporation is authorized to hold such interests in the State where the land described in the minerals agreement is situated; and
(2) A notarized statement that it has power to conduct all business and operations as described in the minerals agreement.
(c) The Secretary may, either before or after the approval of a minerals agreement, assignment, or bond, call for any reasonable additional information necessary to carry out the regulations in this part, or other applicable laws and regulations.
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