Montana Statutes
§ 77-4-122 — Duration Of Lease
77-4-122 . Duration of lease. The term of each lease shall be for a primary term of 10 years and for so long thereafter as geothermal resources in paying quantities are produced, provided that all conditions and terms of the lease are fully performed by the lessee.
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Legislative History
En. 81-2604 by Sec. 4, Ch. 111, L. 1974; R.C.M. 1947, 81-2604(part).
Nearby Sections
15
§ 77-4-101
Geothermal Leases Authorized§ 77-4-102
Definitions§ 77-4-103
Rules§ 77-4-104
Nature Of Geothermal Resources§ 77-4-105
State Retention Of Geothermal Resources§ 77-4-106
Bonding Requirements§ 77-4-107
Compensation To Surface Lessee§ 77-4-109
Conflicting Leases§ 77-4-110
Through 77-4-120 Reserved§ 77-4-121
Provisions Of The Lease§ 77-4-122
Duration Of Lease§ 77-4-123
Extension Of Lease§ 77-4-124
Operating Agreements§ 77-4-125
Pooling Agreements And Unit Operations