Colorado § 38-42-101 - Lease with option to purchase, title requirements.
Full text of Colorado Colorado Revised Statutes § 38-42-101 — Lease with option to purchase, title requirements., with citation guidance and answers to common questions.
§ 38-42-101. Lease with option to purchase, title requirements.
Every oil and gas or mining lease containing any provision whereby the lessor grants and sells to the lessee therein a right or option, at any time during the term thereof or any extensions or renewals thereof, to purchase any part of the lessor's mineral or royalty interest in, on, or under the leased premises shall clearly state in the heading or title of the lease that such right or option is contained therein; but the customary provision contained in such leases permitting the lessee to purchase or sell the lessor's share of production and to account to lessor for the proceeds thereof shall not be deemed to be such a right or option.
Source: L. 55: p. 724, § 1. CRS 53: § 118-13-1. C.R.S. 1963: § 118-13-1.
ANNOTATION
Law reviews. For article, "The Interest of Landowner and Lessee in Oil and Gas in Colorado", see 25 Rocky Mt. L. Rev. 117 (1953). For article, "Colorado Condominium Act—How It Works", see 36 U. Colo. L. Rev. 451 (1964). For article, "Implied Covenants in Oil and Gas Leases", see 12 Colo. Law. 1803 (1983).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-42-101
What does Colorado Revised Statutes § 38-42-101 cover?
Section 38-42-101 ("Lease with option to purchase, title requirements.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 38-42-101?
A common citation format is "Colorado Revised Statutes § 38-42-101" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 38-42-101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.