Bill Text | History of Actions | Background | Title |
Description: Mineral interest; severed minerals revert to surface owner upon 10-year period of nonuser.
Bill Text: [Introduced]
| 1 | 01/10 (S) Referred To Oil, Gas and Other Minerals | |
| 2 | 01/30 (S) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
Senate Committee:
Principal Author: Tollison
Title: AN ACT TO PROVIDE THAT MINERAL ESTATES SEPARATED FROM THE SURFACE ESTATE SHALL REVERT TO THE OWNER OF THE SURFACE ESTATE AFTER TEN YEARS OF NONPRODUCTION; TO DEFINE NONPRODUCTION; TO PROVIDE THAT THE OWNERS OF SUCH MINERAL ESTATES SHALL HAVE AN EXCLUSIVE OPTION TO RENEW THE AGREEMENT CREATING THE MINERAL ESTATE; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/SB/SB2358.htm