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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) A lease or any part thereof may be surrendered by the record title holder by filing a written relinquishment with the Director. A relinquishment shall take effect on the date it is filed subject to the continued obligation of the lessee and the surety to:
(1) Make all payments due, including any accrued rentals and royalties; and
(2) Abandon all operations, remove all facilities, and clear the land to be relinquished to the satisfaction of the Director.
(b) Upon relinquishment of a lease, the data and information submitted under the lease will no longer be held confidential and will be available to the public.
Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.581.46 Relinquishment of leases or parts of leases - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-581-46/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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