2021 New Mexico Statutes
Article 13 - Lease of Geothermal Resources on State Lands
Section 19-13-24 - Removing improvements upon termination of lease.

Upon termination of any lease issued pursuant to the Geothermal Resources Act by reason of forfeiture, surrender, expiration of term or for any other reason, the lessee may remove all improvements and equipment as can be removed without material injury to the premises; provided, however, that all rents and royalties have been paid and that such removal is accomplished within two years from the termination date or before such earlier date as the commissioner may set, upon thirty days' written notice to the lessee. All improvements and equipment remaining upon the premises after the removal date as set in accordance with this section shall be forfeited to the state without compensation.
History: 1953 Comp., § 7-15-24, enacted by Laws 1967, ch. 158, § 24.
Cross references. — For compensation paid by purchaser or subsequent lessee to owner of improvements on state lands, in general, see 19-7-14 NMSA 1978.
For removal by certain mineral lessees of removable improvements and forfeiture of rest without compensation, see 19-8-29 NMSA 1978.
For payment for value of improvements by purchaser or subsequent oil and gas lessee to owner thereof, see 19-10-28 NMSA 1978.
For oil and gas lessee's right to remove certain improvements upon cancellation or forfeiture of lease, see 19-10-29 NMSA 1978.

Structure 2021 New Mexico Statutes