107.25 Right to cancel exploration mining leases; recording.
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/wi/chapter-107/107-25-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
107.25 Right to cancel exploration mining leases; recording.
(1)Right to cancel. An exploration mining lease entered into after April 25, 1978 may be canceled by the lessor as follows:
(a)If the lessor is not a public body, the lessor may cancel an exploration mining lease by notifying the lessee within 10 calendar days after the lease is recorded.
(b)If the lessor is a public body as defined in s. 66.1331
(i), the lessor may cancel an exploration mining lease by notifying the lessee within 90 calendar days after the lease is recorded.
(c)The lessor may cancel an exploration mining lease if 10 years have elapsed from the date on which the lease was recorded in the office of the register of deeds of the county where the property is located and the lessee has not formally applied, under s. 293.35 or 293.37 , for either a permit to prospect or a permit to mine. In the event that the lessee formally applies for a prospecting permit under s. 293.35 or a mining permit under s. 293.37 within the 10-year period, but does not receive a mining permit under s. 293.49 within the 10-year period following the date of application for the prospecting permit or mining permit, the lessor’s right to cancel is revived.
(d)The lessor’s right to cancel an exploration mining lease provided in this subsection cannot be waived and any provision to the contrary in such a lease is void.