TITLE 77. STATE LANDS

CHAPTER 3. ROCK, MINERAL, COAL, OIL, AND GAS RESOURCES

Part 5. Underground Storage of Natural Gas

Duration Of Lease

77-3-508. Duration of lease. All leases issued under 77-3-501 may be granted for a period not exceeding 20 years, and the lessee has a preferential right to renew the lease for an additional period not exceeding 20 years, subject to any terms and conditions the board imposes.

History: En. Sec. 2, Ch. 213, L. 1955; amd. Sec. 94, Ch. 428, L. 1973; R.C.M. 1947, 81-1726.