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 19.2.2.58 - APPROVAL OF LEASE ASSIGNMENTS

Universal Citation: 19 NM Admin Code 19.2.2.58

Current through Register Vol. 35, No. 18, September 24, 2024

The commissioner will approve an assignment of mineral lease, in whole or in part, if the commissioner finds:

A. the assignment does not create an undivided interest in the lease or any part thereof;

B. the assigned portion of the premises is not less than a legal subdivision;

C. the assignment is executed in the proper form and by the proper person;

D. the lease is in good standing as to the assigned portion of the premises;

E. no litigation is pending that could affect the lease or the interest of any person therein;

F. the assignee has been pre-qualified pursuant to 19.2.2.21 NMAC; and

G. the assignment will not adversely affect the interests of the trust.

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