Montana Statutes
§ 77-3-440 — Forfeiture And Cancellation Of Leases
77-3-440 . Forfeiture and cancellation of leases.
(1)All oil and gas leases granted by the state pursuant to the terms of this part shall provide for forfeiture and cancellation thereof upon failure of the lessee to fully discharge the obligations provided therein, after written notice from the state and reasonable time allowed to the lessee for performance of any undertaking or obligation specified in such notice concerning which the lessee is in default.
(2)Any lessee, upon application therefor, shall be granted a hearing on any notice or demand of the board before any lease is declared forfeited or canceled by the board.
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Legislative History
En. Sec. 10, Ch. 108, L. 1927; re-en. Sec. 1882.10, R.C.M. 1935; R.C.M. 1947, 81-1710(part).
Nearby Sections
15
§ 77-3-101
Definitions§ 77-3-103
Prospecting Permits Authorized§ 77-3-104
Notice Of Permit Or Lease Approval§ 77-3-105
Assignment Of Leases Or Permits§ 77-3-107
Through 77-3-110 Reserved§ 77-3-111
Applications For Mining Lease§ 77-3-112
Examination Of Lands Prior To Leasing§ 77-3-113
Quantity Of Lands Covered By Lease§ 77-3-115
Lease Provisions§ 77-3-116
Royalty Provisions§ 77-3-117
Modification Of Lease Provisions