Sec. 53.070. REINSTATEMENT OF LEASE. (a) If the owner of the forfeited lease complies with the provisions of this subchapter within 30 days after the declaration of forfeiture, the commissioner may reinstate the lease under the terms of this subchapter and other terms that he may prescribe.
(b) If the lease is not reinstated within the 30-day period, the owner of the surface, as agent of the state, is entitled to lease the minerals.
Acts 1977, 65th Leg., p. 2473, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Subtitle D - Disposition of the Public Domain
Subchapter C. Lease of Minerals by Surface Owner
Section 53.061. Authority to Lease Certain Minerals
Section 53.062. Lease of Minerals Separately and Together
Section 53.064. Prerequisites for Effectiveness of Lease
Section 53.065. Payments Under Lease
Section 53.066. Damages to Surface
Section 53.067. Payment Procedure
Section 53.068. Production Report and Records
Section 53.069. Forfeiture of Lease
Section 53.070. Reinstatement of Lease
Section 53.072. Effect of Certain Laws
Section 53.073. Certain Minerals and Laws Exempt From Subchapter
Section 53.074. Authority and Duties of Agent
Section 53.075. Assignment and Transfer
Section 53.076. Lease Relinquishment
Section 53.077. In Kind Royalty
Section 53.078. Penalty and Interest
Section 53.079. Contracts and Agreements