Section 19-8-26 - Relinquishment of leases.

NM Stat § 19-8-26 (2019) (N/A)
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With the consent of the commissioner, any lease issued under the provisions of this act [19-8-14 to 19-8-18, 19-8-21 to 19-8-33 NMSA 1978] may be relinquished in whole or in part to the state of New Mexico; provided, however, the commissioner shall not approve any relinquishment of an undivided interest therein nor less than a legal subdivision.

History: 1953 Comp., § 7-9-27, enacted by Laws 1955, ch. 53, § 11.

Cross references. — For relinquishment of lease of state lands with written consent of commissioner, see 19-7-36 NMSA 1978.

For relinquishment of lease issued under Geothermal Resources Act, see 19-13-8 NMSA 1978.