§ 581.43. Effect of suspensions on lease term.
95 words·~1 min read·
/us/cfr/t30/s§ 581.43·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)If the BSEE Director orders the suspension of either operations or production, or both, with respect to any lease in its primary term, the primary term of the lease shall be extended by a period of time equivalent to the period of the directed suspension.
(b)If the BSEE Director orders or approves the suspension of either operations or production, or both, with respect to any lease that is in force beyond its primary term, the term of the lease shall not be deemed to expire so long as the suspension remains in effect.