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B.C. Reg. 826/74 O.C. 3957/74 | Filed December 18, 1974 |
[Last amended March 30, 2022 by B.C. Reg. 76/2022]
1 Mineral land which is not situated within a production area may be surrendered at any time by the owner thereof pursuant to these regulations.
[am. B.C. Reg. 47/94, s. (c).]
2 With the approval of the administrator, designated mineral land situated within a production area may be surrendered by the owner thereof pursuant to these regulations.
[am. B.C. Reg. 47/94, s. (c).]
3 (1) Any surrender made pursuant to these regulations may be effected by a quit claim deed or other instrument sufficient to vest title to the interest being surrendered in the Crown in right of the Province free and clear of all encumbrances.
(2) Notwithstanding subsection (1), where an owner of mineral land wishes to surrender mineral land which is not free and clear of all encumbrances, the owner may apply to the administrator for the administrator's approval to the surrender and the administrator, if the administrator deems the surrender appropriate, may approve the form of the quit claim deed or other instrument produced.
[am. B.C. Reg. 76/2022, ss. 7 and 11.]
4 An owner, after obtaining approval of the administrator where required, shall register the owner's quit claim deed or other instrument evidencing the surrender in the appropriate land title office, and shall forward to the administrator a copy of the instrument duly numbered by the registrar.
[am. B.C. Reg. 76/2022, s. 7.]
5 Notwithstanding anything contained in these regulations, where mineral land is held by more than one owner, in the absence of the consent of the administrator, all owners must surrender their interest in the mineral land.
[Provisions relevant to the enactment of these regulations: Mineral Land Tax Act, R.S.B.C. 1996, c. 290, s. 21.]
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