Idaho § 47-707 FORFEITURE OF LEASES

Idaho Statutes

§ 47-707 — FORFEITURE OF LEASES

Idaho § 47-707

Title 47MINES AND MINING

Ch. 7MINERAL RIGHTS IN STATE LANDS

This text of Idaho § 47-707 (FORFEITURE OF LEASES) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 47-707 (2026).

Text

All leases of mineral deposits shall be conditional upon payment of the rental in advance annually, and upon the payment of the royalty provided for in the lease and upon the violation of any of the conditions of the lease, the board may at its option, after thirty (30) days’ notice by registered mail, cancel the lease. Upon failure or refusal of the lessee to accept the readjustment of terms and conditions determined by the board at the end of any lease period, such failure or refusal shall work a forfeiture of the preferential right of the lessee. A forfeiture of such lease, and all rights of the lessee thereunder, may be declared by the state board of land commissioners for a violation of any of the terms or conditions of said lease or of any rule or regulation of said board with respec

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All leases of mineral deposits shall be conditional upon payment of the rental in advance annually, and upon the payment of the royalty provided for in the lease and upon the violation of any of the conditions of the lease, the board may at its option, after thirty (30) days’ notice by registered mail, cancel the lease. Upon failure or refusal of the lessee to accept the readjustment of terms and conditions determined by the board at the end of any lease period, such failure or refusal shall work a forfeiture of the preferential right of the lessee. A forfeiture of such lease, and all rights of the lessee thereunder, may be declared by the state board of land commissioners for a violation of any of the terms or conditions of said lease or of any rule or regulation of said board with respect thereto or of any of the provisions of this chapter.

Legislative History

[(47-707) added 1923, ch. 96, sec. 9, p. 115; am. 1925, ch. 220, sec. 5, p. 404; am. 1967, ch. 225, sec. 2, p. 676; am. 2020, ch. 341, sec. 3, p. 1002.]