N.M. Admin. Code § 19.2.13.15
Current through Register Vol. 35, No. 23, December 10, 2024
Timber contracts may be issued for a period of five (5) years or less unless the same be canceled for cause, unless sooner cut out or unless conditions beyond the control of the purchaser prevent completion within the specified time. Upon proper application and due proof of inability to complete the contract within its term, the commissioner may extend the same for reasonable periods in the best interests of the trust.
N.M. Admin. Code § 19.2.13.15