Utah Administrative Code (Current through November 1, 2019) |
R652. Natural Resources, Forestry, Fire and State Lands |
R652-20. Mineral Resources |
R652-20-2700. Lease Continuation
Latest version.
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Any lease which is eliminated from any such cooperative or unit plan of development or operation, or any lease which is in effect at the termination of the cooperative or unit plan of development or operation, unless relinquished, shall continue in effect for the fixed term of the lease, or for two years after its elimination from the plan or agreement or the termination thereof, whichever is longer, and so long thereafter as the leased substances are produced in paying quantities. Rentals under the lease shall continue at the rate specified in the lease.