N.M. Admin. Code § 19.2.6.13
Current through Register Vol. 35, No. 23, December 10, 2024
As a matter of administration and without affecting property rights in coal leases, whenever more than two (2) persons or legal entities apply for the issuance of a coal lease, the commissioner shall grant the lease in the names of no more than two (2) persons acting as attorneys-in-fact for all potential interest owners. In the case of a trust, the trust must be express and a copy of the creating document filed with the commissioner. If more than two (2) trustees are named, a lease shall be granted in the names of no more than two (2) trustees acting as attorneys-in-fact for all trustees. The limitations in this Rule may be waived by the commissioner for good cause.
N.M. Admin. Code § 19.2.6.13