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Current as of January 01, 2024 | Updated by FindLaw Staff
In any case where litigation has been instituted in the state courts of the state of New Mexico, or in the United States district court for the district of New Mexico, involving the right or title of the lessee under any oil and gas leases issued by the state of New Mexico on lands heretofore sold or contracted to be sold by the state of New Mexico, with a reservation of oil and gas to the state of New Mexico, where such litigation calls in question the right of the state of New Mexico to make any such lease or the ownership by the state of New Mexico of such oil and gas, the commissioner of public lands is authorized to place in a special suspense fund with the treasurer of the state of New Mexico, all moneys accruing to the state under the terms of any such lease from royalties.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 19. Public Lands § 19-10-39. Litigation involving lessee's oil and gas rights on land sold with reservation of oil and gas; suspense account for royalty payments - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-19-public-lands/nm-st-sect-19-10-39/
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 or via Westlaw before relying on it for your legal needs.
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