65A-6-2 - Mineral leases -- Division to prescribe rules.
65A-6-2. Mineral leases -- Division to prescribe rules.
The division shall by rule prescribe:
(1) the term of the lease;
(2) the annual rental;
(3) the amount of royalty in addition to or in lieu of rental; and
(4) the basis upon which the royalty shall be computed.
Amended by Chapter 294, 1994 General Session