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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) When an executed and recorded oil, gas, or other mineral lease is forfeited, canceled, or expires, it is the duty of the lessee, the lessee's successor, or assigns, within 60 days from the date of the forfeiture, cancellation, or expiration of the lease, to have the lease or abstract of the lease released from record in the county where the leased land is situated without cost to the lessor.
(2) A lessee may request the recordation of an assignment or release of more than one lease in a single instrument, and an instrument involving more than one lease made under this subsection must be treated for public recording purposes as a single request from the lessee.
(3) A lessee who fails to comply with subsection (1) within 30 days of written notice from the lessor is guilty of a misdemeanor punishable by a fine of up to $250.
Cite this article: FindLaw.com - Montana Title 82. Minerals, Oil, and Gas § 82-1-201. Release of record upon forfeiture, cancellation, or expiration of lease--penalty - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-82-minerals-oil-and-gas/mt-st-82-1-201/
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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