Public-domain · open source
OpenJurist

§ 19-8-9 NMSA 1978

[Suspension of production; authorization by commissioner of public lands; extension of primary term of lease; secondary term of lease not determined by.]

1953 Comp., § 7-9-12.2, enacted by Laws 1959, ch. 178, § 2.

Provided the lessee complies with all other terms and conditions of the lease, a suspension of production authorized by the commissioner of public lands shall:

A. if it occurs during the fixed or primary term of such lease, extend the term of such lease for a period of time equal to the period of such suspension; or

B. if it occurs during the indeterminable or secondary term of such lease, prevent the lease from determining in accordance with the limitation of such lease.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.