Mineral leases -- Director to establish forms, term, rental, and royalty
Enacted by Chapter 294, 1994 General Session
The director shall establish the:
(1) form of a mineral lease application;
(2) form of the lease;
(3) term of the lease;
(4) annual rental;
(5) amount of royalty in addition to or in lieu of rental; and
(6) basis upon which the royalty shall be computed.
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.