Current with legislation effective through 5/2/2024
Section 53C-2-403 - Mineral leases - Director to establish forms, term, rental, and royalty
The director shall establish the:
(1) form of a mineral lease application;(2) form of the lease;(3) term of the lease;(4) annual rental;(5) amount of royalty in addition to or in lieu of rental; and(6) basis upon which the royalty shall be computed.