77-3-510. Cancellation and forfeiture of lease. All leases granted under 77-3-501 shall provide for their forfeiture and cancellation upon failure of the lessee to fully discharge the obligations provided therein, after written notice from the department and reasonable time allowed to the lessee for performance of any undertaking or obligation specified in such notice concerning which the lessee is in default.
History: En. Sec. 5, Ch. 213, L. 1955; amd. Sec. 96, Ch. 428, L. 1973; R.C.M. 1947, 81-1729(part).
Structure Montana Code Annotated
Chapter 3. Rock, Mineral, Coal, Oil, and Gas Resources
Part 5. Underground Storage of Natural Gas
77-3-501. Lease for underground storage of natural gas authorized
77-3-503. Hearings on questions related to leases
77-3-504. Lessee's right to hearing
77-3-506. Disposition of leased land
77-3-507. Lessee to prevent waste
77-3-509. Disposition of funds
77-3-510. Cancellation and forfeiture of lease
77-3-511. Termination and surrender of lease
77-3-512. Disposition of lessee's property upon termination of lease