sec.373VAdditional requirements if granted by lessee of term lease

### sec.373V Additional requirements if granted by lessee of term lease This section applies if— an owner who is the lessee of a term lease proposes to grant a carbon abatement interest for land; and the proposed interest is for a period greater than the remaining term of the term lease. The document creating the interest may be registered only if the State— is a party to the interest; and has approved the terms of the document. s 373V ins 2011 No. 31 s 331 (sec.373V-ssec.1) This section applies if— an owner who is the lessee of a term lease proposes to grant a carbon abatement interest for land; and the proposed interest is for a period greater than the remaining term of the term lease. (sec.373V-ssec.2) The document creating the interest may be registered only if the State— is a party to the interest; and has approved the terms of the document. - (a) an owner who is the lessee of a term lease proposes to grant a carbon abatement interest for land; and - (b) the proposed interest is for a period greater than the remaining term of the term lease. - (a) is a party to the interest; and - (b) has approved the terms of the document.