Montana Code 77-4-122. Duration of lease
Current as of: 2023 | Check for updates
|
Other versions
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.
Terms Used In Montana Code 77-4-122
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC