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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Notwithstanding the mandatory requirements of Subchapter B 1 for setting a time and place for hearing of a lease application filed under Section 358.052 and the issuance, service, and return of notice, the court may authorize the making of oil, gas, and mineral leases at private sale without public notice or advertising if, in the court's opinion, facts are set out in the application required by Subchapter B sufficient to show that it would be more advantageous to the estate that a lease be made privately and without compliance with those mandatory requirements.
(b) Leases authorized by this section may include pooling provisions or unitization clauses as in other cases.
Cite this article: FindLaw.com - Texas Estates Code - EST § 358.101. Authorization for Leasing of Minerals at Private Sale - last updated January 01, 2024 | https://codes.findlaw.com/tx/estates-code/est-sect-358-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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