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 19.2.2.68 - RELINQUISHMENT OF MINERAL LEASE
Universal Citation: 19 NM Admin Code 19.2.2.68
Current through Register Vol. 35, No. 24, December 23, 2024
With the consent of the commissioner, a mineral lease in good standing may be relinquished, in whole or in part, upon approval of the commissioner and payment of the non-refundable filing fee in accordance with the schedule of fees. However, the commissioner will not approve relinquishment of an undivided interest in a lease or less than a legal subdivision. Relinquishment does not relieve the lessee from its obligation to reclaim the trust surface estate.
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