New Mexico § 19-10-40 [Litigants to show right to have royalties placed in

New Mexico Statutes

§ 19-10-40 — [Litigants to show right to have royalties placed in

New Mexico § 19-10-40

Ch. 19Public Lands

Art. 10Lease of Oil and Gas Lands

This text of New Mexico § 19-10-40 ([Litigants to show right to have royalties placed in) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 19-10-40 (2026).

Text

suspense fund; determination of amount.] The commissioner of public lands shall require the lessee or any party litigant in such litigation desiring to have such royalties placed in such suspense fund, to make such showing by affidavit or otherwise as the commissioner may require, that such litigation is pending and involves the question or questions referred to in Section 1 [19- 10-39 NMSA 1978] hereof; and he shall require such lessee or any party litigant to furnish such information as may be necessary to determine the amount of royalties accruing from each and every tract of land involved in such litigation.

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suspense fund; determination of amount.] The commissioner of public lands shall require the lessee or any party litigant in such litigation desiring to have such royalties placed in such suspense fund, to make such showing by affidavit or otherwise as the commissioner may require, that such litigation is pending and involves the question or questions referred to in Section 1 [19- 10-39 NMSA 1978] hereof; and he shall require such lessee or any party litigant to furnish such information as may be necessary to determine the amount of royalties accruing from each and every tract of land involved in such litigation.