Utah Code Ann. § 65A-6-2
Mineral leases -- Division to prescribe rules.
Effective May 3, 2023Amended by Chapter 208, 2023 General Session
The division shall by rule prescribe:
- (1) the term of the lease;
- (2) the annual rental;
- (3) subject to Section 65A-6-4, the amount of royalty in addition to or in lieu of rental; and
- (4) the basis upon which the royalty shall be computed.
Amended by Chapter 208, 2023 General Session