N.M. Admin. Code § 19.2.7.33
Current through Register Vol. 35, No. 23, December 10, 2024
When any assignment of a portion of the lease shall be approved by the commissioner, the assigned and the retained portions of the lease shall be treated and considered as separate leases for the purpose of determining whether the lessee or lessees have a right of renewal for succeeding five (5) year terms, and also for the purpose of bonding as provided in 19.2.7.37 NMAC, 19.2.7.38 NMAC, and 19.2.7.39 NMAC.
N.M. Admin. Code § 19.2.7.33