New Mexico § 19-10-55 - Validation of oil and gas leases
Full text of New Mexico New Mexico Statutes Annotated § 19-10-55 — Validation of oil and gas leases, with citation guidance and answers to common questions.
§ 19-10-55. Validation of oil and gas leases
All oil and gas leases issued by the commissioner of public lands prior to the effective
date of this section are declared to be valid and existing contracts with the state
according to their terms and provisions where: A. made in substantial conformity with law; B. the terms have not expired; C. all rentals have been paid and accepted by the commissioner of public lands; and D. the leases have not been canceled by the commissioner of public lands for nonperformance
by the lessee or any assignee. The obligations of the state and the commissioner to observe and conform to the terms
and provisions of these leases are recognized. Any suit or action to reinstate any lease heretofore canceled or expired by order
or decision of the commissioner of public lands shall be brought within sixty days
from the effective date of this section or be waived.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-55
What does New Mexico Statutes Annotated § 19-10-55 cover?
Section 19-10-55 ("Validation of oil and gas leases") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. 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 New Mexico § 19-10-55?
A common citation format is "New Mexico Statutes Annotated § 19-10-55" (New Mexico). 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 New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 19-10-55 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico 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 New Mexico.