Practice 11J: Partial or Full Extinguishment
Source
About This Practice
This guidance covers Practice 11J, which includes one element with four parts:
⬤ In the rare case that it is necessary to extinguish a conservation easement, in whole or in part,
⬤ a. Follow the terms of the conservation easement with respect to taking appropriate action, and obtain judicial or regulatory review when required by law or specified in the easement deed
⬤ b. Ensure there is no private inurement or impermissible private benefit
⬤ c. Take steps to avoid or mitigate harm to conservation values and/or use any proceeds in a manner consistent with the conservation easement deed
⬤ d. Consider the land trust’s actions in the context
⬤ Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both
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