N.M. Admin. Code § 19.2.2.71

Current through Register Vol. 35, No. 23, December 10, 2024
Section 19.2.2.71 - COMMISSIONER'S STATUTORY RIGHT TO PURCHASE PRODUCTION

The commissioner has the right 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 the minerals that may be produced from the premises. (The commissioner may waive this reservation by following the procedure set out in Section 19-14-2 NMSA 1978.)

N.M. Admin. Code § 19.2.2.71

19.2.2.71 NMAC - N, 3/14/2001