Colorado Statutes
§ 38-42-102 — Option void, when
Any such right or option contained in any oil
and gas or mining lease which is executed subsequent to March 2, 1955, and the
title or heading of which does not clearly state that such a right or option is
contained therein shall be voidable at the option of the lessor, and upon
adjudication by a court of competent jurisdiction that such right or option is voided
by virtue of this article, no money paid to the lessor for such lease shall be returned
to the lessee therein, but the failure of such lease to satisfy the requirements of
this article shall not affect the validity of such lease except as to such right or
option to purchase.
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Legislative History
Source: L. 55: p. 724, � 2. CRS 53: � 118-13-2. C.R.S. 1963: � 118-13-2.
Nearby Sections
15
§ 38-1-101.5
Necessity of taking land for pipelines§ 38-1-101.7
Limitations on the use of right-of-way§ 38-1-102
Petition - contents - parties§ 38-1-103
Summons - return - publication§ 38-1-104
Trial - amendments - rules§ 38-1-106
Jury§ 38-1-108
Order of possession§ 38-1-109
Intervention - cross petition§ 38-1-110
Appellate review§ 38-1-111
Possession pending appeal§ 38-1-112
Payment to clerk or owner§ 38-1-113
Verdict recorded§ 38-1-115
Contents of report or verdict