I don't think it can run out of pages. Light used it nonstop for over six years. If it were ever to run out on anyone, it would run out on him ten times over.
the book has 60 pages. so (60 fronts, 60 backs) It has 30-something lines per page. if you run out you can ask the shinigami for another one. I think theres more information about it though. I read this in book 13, the how to read guide.
posted over a year ago
thats from the pilot chapter, it changed to unlimited pages in the series
I actually remember it saying something about this in the manga, or maybe it was the anime. But all I remember was it said that it can run out of pages, but you just ask your shinigami for a new one.