New Mexico Statutes 19-13-21. Transferability
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Any lease pursuant to the Geothermal Resources Act may be assigned, transferred or sublet with the approval of the commissioner.
Terms Used In New Mexico Statutes 19-13-21
- 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