New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 2 - STATE TRUST LANDS PART 24 CULTURAL PROPERTIES PROTECTION
Part 2 - LEASING FOR GENERAL MINING
Section 19.2.2.57 - LEASE ASSIGNMENTS MUST BE APPROVED BY COMMISSIONER

Universal Citation: 19 NM Admin Code 19.2.2.57
Current through Register Vol. 35, No. 18, September 24, 2024

The lessee may assign a mineral lease, in whole or in part, only if the commissioner approves the assignment. No purported assignment will bind the state of New Mexico, or change the lessee of record, unless approved in writing by the commissioner. Provided, however, that a mere change in the name of the mineral lessee will not constitute an assignment requiring approval by the commissioner. The lessee shall promptly notify the commissioner, in writing, of any change in name or mailing address.

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