Mont. Admin. r. 36.25.610 - SURRENDER OF LEASE

(1) The lessee may surrender and relinquish to the state any legal subdivision of lands leased, and be discharged from any obligations not yet accrued as to the lands so surrendered and relinquished, without prejudice to the continuance of the lease as to the lands not surrendered or relinquished.

(2) Although no particular form of surrender is required, such surrender must be in writing, must sufficiently identify the lease sought to be surrendered, and must specifically describe the lands to be surrendered.

(3) Such written instrument of surrender and relinquishment must be signed by the owner of the lease as shown by the records of the department. If more than one person owns the working interest in a lease, all such owners must join in a joint surrender of the lease or each must submit a separate, written surrender.

(4) The lease bond shall not be released until any land disturbed by the lessee has been restored as provided in this subchapter or a subsequent lessee assumes responsibility for the disturbance.

Notes

Mont. Admin. r. 36.25.610

NEW, 1981 MAR p. 1920, Eff. 1/1/82; TRANS, 1996 MAR p. 2384.

77-6-104, MCA; IMP, 77-3-115 and 77-3-132, MCA;