Statutes > New Mexico Statutes > Chapter 19 - Public Lands. > Article 8 - Lease of Mineral Lands, 19-8-1 through 19-8-33. > Section 19-8-17 - Relinquishment of permits for conversion.

Section 19-8-17 - Relinquishment of permits for conversion.

19-8-17. Relinquishment of permits for conversion.

Any  legal owner and holder of any placer prospecting permit issued by the commissioner prior to the effective date of this act,  if not in default of any of the provisions thereof, may relinquish the same to the state and, upon application filed at the  time of filing such relinquishment, the commissioner shall issue a lease in accordance with the provisions of this act [19-8-14 to 19-8-18, 19-8-21 to 19-8-33 NMSA 1978].