A lessee may surrender any part or all of the lands covered by the lease at any time upon payment to the department of all amounts then due as to the lands surrendered, but no refund of any part of the cash consideration or rental theretofore paid shall be made to the lessee upon such surrender.

Terms Used In Arizona Laws 27-562

  • Department: means the state land department. See Arizona Laws 27-551
  • Lessee: means the holder of an oil and gas lease issued pursuant to this article and includes any assignee of an original lessee. See Arizona Laws 27-551
  Previous section
Next section  
 Article 2 Contents