Texas Natural Resources Code 53.153 – Conditions of Lease
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(a) Coal, lignite, sulphur, salt, and potash may be leased together or separately.
(b) A lease granted under this subchapter shall be for a primary term not to exceed 20 years and as long after that time as the minerals are produced in paying quantities.
Terms Used In Texas Natural Resources Code 53.153
- 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