Colorado § 38-42-102 - Option void, when.
Full text of Colorado Colorado Revised Statutes § 38-42-102 — Option void, when., with citation guidance and answers to common questions.
§ 38-42-102. Option void, when.
Any such right or option contained in any oil and gas or mining lease which is executed subsequent to March 2, 1955, and the title or heading of which does not clearly state that such a right or option is contained therein shall be voidable at the option of the lessor, and upon adjudication by a court of competent jurisdiction that such right or option is voided by virtue of this article, no money paid to the lessor for such lease shall be returned to the lessee therein, but the failure of such lease to satisfy the requirements of this article shall not affect the validity of such lease except as to such right or option to purchase.
Source: L. 55: p. 724, § 2. CRS 53: § 118-13-2. C.R.S. 1963: § 118-13-2.
ANNOTATION
Law reviews. For article, "Highlights of the 1955 Colorado Legislative Session—Oil and Gas", see 28 Rocky Mt. L. Rev. 53 (1955).
Frequently Asked Questions About Colorado § 38-42-102
What does Colorado Revised Statutes § 38-42-102 cover?
Section 38-42-102 ("Option void, when.") 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 § 38-42-102?
A common citation format is "Colorado Revised Statutes § 38-42-102" (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 § 38-42-102 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.