§ 70-1-1 [Production of oil, gas or other minerals; assignments of royalties to be recorded.]
§ 70-1-2 [Effect of recording or failure to record.]
§ 70-1-3 [Forfeiture of oil, gas or mineral lease; release from record.]
§ 70-1-4 [Failure to execute release; action to obtain release;
§ 70-1-5 [Demand for release must precede action.]

Terms Used In New Mexico Statutes > Chapter 70 > Article 1 - Assignments and Leases

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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