Section 19-8-5 - [Term of lease.]

NM Stat § 19-8-5 (2019) (N/A)
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Leases under this act [19-8-4 to 19-8-7 NMSA 1978] may be made for a term of ten years or less and as long thereafter as said minerals, or any of them, in paying quantities shall be produced from the leased lands.

History: Laws 1929, ch. 140, § 2; C.S. 1929, § 111-502; 1941 Comp., § 8-910; 1953 Comp., § 7-9-10.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.