Payment of royalties of the state in oil on demand.

  1. Law
  2. New Mexico Statutes
  3. Public Lands
  4. Lease of Oil and Gas Lands
  5. Payment of royalties of the state in oil on demand.

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All royalties accruing to the state under any oil or gas lease or permit under Sections 19-10-1 to 19-10-62 [repealed] NMSA 1978, shall be paid in royalty oil on demand of the commissioner of public lands.

History: 1953 Comp., § 7-11-59, enacted by Laws 1967, ch. 34, § 3.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 1994, ch. 102, § 3 repealed 19-10-62 NMSA 1978, effective May 18, 1994.


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