§ 14-38-1-15 — Cancellation of permit or lease

Indiana § 14-38-1-15

• Jurisdiction: Indiana
• Art. 38: OTHER PETROLEUM REGULATION
• Ch. 1: Petroleum Exploration on State Property

Text

(a) The commission may cancel any permit
or lease issued under this chapter for:
(1) nonpayment of royalties; or
(2) nonperformance by the permittee or lessee of any provision or
requirement of the permit or lease;
if before the cancellation the commission mails to the permittee or
lessee by registered mail, addressed to the post office address of the
permittee or lessee shown by the records of the office of the
commission, a notice of intention to cancel the permit or lease
specifying the default for which the permit or lease is subject to
cancellation.
(b) If not later than thirty (30) days after the mailing of the notice to
the permittee or lessee the permittee or lessee remedies the default
specified in the notice, the commission may not cancel the permit or
lease.
(c) If a cancellation occurs, all rights of the permittee or lessee
under the permit or lease automatically terminate.
(d) Failure to pay fees required under a permit within the time
prescribed automatically and without notice works a forfeiture of the
permit and of all rights under the permit.
[Pre-1995 Recodification Citation: 14-4-3-11.]

Legislative History

As added by P.L.1-1995, SEC.31.