Section 5-7-51 - Relinquishment of prospecting permit

5-7-51. Relinquishment of prospecting permit.Any legal owner of any prospecting permit issued by the commissioner prior to July 1, 1993, if not in default of any of the provisions thereof, may relinquish such permit to the state and, upon application filed at the time of filing such relinquishment, the commissioner shall issue a lease in accordance with the provisions of this chapter. Source: SL 1993, ch 53, §7.