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Arkansas Code Title 15. Natural Resources and Economic Development § 15-73-208. Transfer of mineral lease--Notice

Current as of March 28, 2024 | Updated by FindLaw Staff

(a) A person holding a mineral lease shall notify the owner of the mineral rights upon which the lease has been given upon the first transfer of the mineral lease to another person if the transfer occurs within twenty-four (24) months after the execution of the lease.

(b) The written notice shall include:

(1) The name of the buyer of the mineral lease;

(2) The address of the buyer of the mineral lease; and

(3) Information on how to contact the buyer of the mineral lease.

(c) The written notice shall be sent through the United States Postal Service by first class mail.

(d) This section shall apply to a mineral lease entered into after August 1, 2009.

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Cite this article: FindLaw.com - Arkansas Code Title 15. Natural Resources and Economic Development § 15-73-208. Transfer of mineral lease--Notice - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-15-natural-resources-and-economic-development/ar-code-sect-15-73-208/

Read this complete Arkansas Code Title 15. Natural Resources and Economic Development § 15-73-208. Transfer of mineral lease--Notice on Westlaw. Westlaw subscription required.

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