N.M. Admin. Code § 19.2.8.13

Current through Register Vol. 36, No. 1, January 14, 2025

Section 19.2.8.13 - RELINQUISHMENT

A. With the prior written consent of the commissioner, the release of all outstanding collateral assignments, and the payment to the commissioner of the relinquishment filing fee as set forth in the schedule of fees, any lessee may relinquish to the state a lease that is not in default and the lease shall be cancelled.

(1) The relinquishment filing fee shall be waived if the relinquishment is at the request of the commissioner.

(2) Relinquishments shall be made on forms and in the manner prescribed by the commissioner.

B. A relinquishment without the written consent of the commissioner shall be null and void.

N.M. Admin. Code § 19.2.8.13

3/11/81, 1/20/84, 9/30/85, 12/1/92; 19.2.8.13 NMAC - Rn, 19 NMAC 3 SLO 8.13, 09/30/02, Amended by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016