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Current as of January 01, 2024 | Updated by Findlaw Staff
Provided the lessee complies with all other terms and conditions of the lease, a suspension of production authorized by the commissioner of public lands shall:
A. if it occurs during the fixed or primary term of such lease, extend the term of such lease for a period of time equal to the period of such suspension; or
B. if it occurs during the indeterminable or secondary term of such lease, prevent the lease from determining in accordance with the limitation of such lease.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 19. Public Lands § 19-8-9. Suspension of production; authorization by commissioner of public lands; extension of primary term of lease; secondary term of lease not determined by - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-19-public-lands/nm-st-sect-19-8-9/
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