77-4-122. Duration of lease. The term of each lease shall be for a primary term of 10 years and for so long thereafter as geothermal resources in paying quantities are produced, provided that all conditions and terms of the lease are fully performed by the lessee.
History: En. 81-2604 by Sec. 4, Ch. 111, L. 1974; R.C.M. 1947, 81-2604(part).
Structure Montana Code Annotated
Chapter 4. Renewable Resources
77-4-101. Geothermal leases authorized
77-4-104. Nature of geothermal resources
77-4-105. State retention of geothermal resources
77-4-106. Bonding requirements
77-4-107. Compensation to surface lessee
77-4-108. Water rights in connection with geothermal development
77-4-110. through 77-4-120 reserved
77-4-121. Provisions of the lease
77-4-124. Operating agreements
77-4-125. Pooling agreements and unit operations
77-4-126. Royalties and rentals
77-4-127. Disposition of royalties and other receipts