New Mexico Statutes 19-7-36. [Assignment or relinquishment of lease; consent of commissioner required.]
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With the consent of the commissioner any lessee may assign all his right, title and interest in his lease, or relinquish the same to the state, whereupon his lease shall be canceled. Any assignment or relinquishment without the written consent of the commissioner shall be null and void.
Terms Used In New Mexico Statutes 19-7-36
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC