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Ind. Code § 14-35-1-9

Term of permit

As added by P.L.1-1995, SEC.28.

Sec. 9. (a) The department shall determine the initial term of a permit, not to exceed ten (10) years. The department shall automatically continue a permit:

(1) if commercial production and accompanying royalty payments are established by the end of the initial term; and

(2) as long as production continues, not to exceed fifty (50) years.

(b) If commercial production is not established within the initial term of a permit, the department may terminate the permit.

(c) The department may terminate a permit at any time for failure of the permittee to comply with:

(1) this chapter; or

(2) the rules adopted under this chapter.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.