Find Laws Find Lawyers Free Legal Forms USA State Laws

NEW MEXICO STATUTES AND CODES

Section 19-14-1 - Commissioner of public lands to  reserve certain rights to the state in leases or other conveyances of any mineral interests or rights to minerals in state  lands.

19-14-1. Commissioner of public lands to  reserve certain rights to the state in leases or other conveyances of any mineral interests or rights to minerals in state  lands.

In any lease or other conveyance of state lands granting any interest in or rights to minerals of whatsoever kind, including oil and gas, in those lands executed by the commissioner of public lands after the effective date of this section,  the following reservation of rights to the state shall be made: "The state has a continuing option to purchase at any  time and from time to time, at the market price prevailing in the area on the date of purchase, all or part of any minerals (specify the minerals) that may be produced from the lands covered by this lease (or other conveyance)."   

New Mexico Law

New Mexico State Laws
    > New Mexico Child Support
    > New Mexico Gun Laws
    > New Mexico Statutes
New Mexico Tax
    > New Mexico State Tax
New Mexico Labor Laws
    > New Mexico Unemployment
New Mexico Agencies
    > New Mexico DMV
    > New Mexico Taxation and Revenue

New Mexico Court Map

Tips