New Mexico § 70-1-3 [Forfeiture of oil, gas or mineral lease; release from record.]

New Mexico Statutes

§ 70-1-3 — [Forfeiture of oil, gas or mineral lease; release from record.]

New Mexico·Ch. 70 Oil and Gas·Art. 1 Assignments and Leases

Whenever any oil, gas or other mineral lease heretofore or hereafter executed shall become forfeited, it shall be the duty of the lessee, his, or its heirs, executors, administrators, successors or assigns, within thirty days from the date this act [70-1-3 to 70-1-5 NMSA 1978] shall take effect, if the forfeiture occurred prior thereto, and within thirty days from the date of the forfeiture of any and all other leases, to have such lease released from record in the county where the leased land is situated, without cost to the owner thereof.

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Whenever any oil, gas or other mineral lease heretofore or hereafter executed shall become forfeited, it shall be the duty of the lessee, his, or its heirs, executors, administrators, successors or assigns, within thirty days from the date this act [70-1-3 to 70-1-5 NMSA 1978] shall take effect, if the forfeiture occurred prior thereto, and within thirty days from the date of the forfeiture of any and all other leases, to have such lease released from record in the county where the leased land is situated, without cost to the owner thereof.

New Mexico § 70-1-3 ([Forfeiture of oil, gas or mineral lease; release from record.]) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.