The division shall by rule prescribe:
(1) the term of the lease;
(2) the annual rental;
(3) subject to Section 65A-6-4, the amount of royalty in addition to or in lieu of rental; and
(4) the basis upon which the royalty shall be computed.
Utah Code § 65A-6-2
Mineral leases -- Division to prescribe rules
Amended by Chapter 208, 2023 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.