Bill Text | History of Actions | Background | Title |
Description: Mineral rights; if collateral for loan and then loan paid, title returns to borrower.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Banking and Financial Services | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Sullivan
Title: AN ACT TO PROVIDE THAT IF MINERAL RIGHTS IN PROPERTY HAVE BEEN PLEDGED AS COLLATERAL FOR A LOAN, AND THERE IS A SHOWING OF PROOF THAT THE LOAN HAS BEEN REPAID, THEN THE FINANCIAL INSTITUTION OR PERSON ACCEPTING SUCH COLLATERAL SHALL REVEST IN THE BORROWER, OR HIS HEIRS; AND FOR RELATED PURPOSES.
End Of Document
2007/html/History/HB/HB1333.htm