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§ 15-56-302. Summons — Validity of lessee’s title

(a) Summons shall be issued and served as in other cases in circuit court. (b) All persons, if any, whose names or whereabouts are stated in the petition to be unknown to the plaintiff shall be deemed and taken as defendants by the name or designation of “all whom it may concern”, and such persons […]

§ 15-56-304. Petition to lease or operate — Parties defendant

Any owners, partners, or corporate shareholders, or parties as set forth in § 15-56-301 desiring the leasing and operating of mineral lands or mineral interests shall file, in the circuit court in the county in which the mineral lands or mineral interests or the greater part thereof lie, a written petition describing the lands under […]

§ 15-56-305. Receiver — Disposition of proceeds

(a) Upon the filing of the petition, the circuit court shall appoint a receiver, who shall be authorized to negotiate for and to execute, acknowledge, and deliver a lease on mineral lands or severed mineral interests for a cash, commodity in kind, or tonnage royalty, as is the customary manner, and terms for the product, […]

§ 15-56-306. Reporting and approval of leases

(a) A lease executed by a receiver, when acknowledged and delivered, shall be binding on all parties subject only to approval or rejection by the court as herein provided. (b) Not later than thirty (30) days after making the lease, the receiver shall report the making of the lease to the court. If it shall […]

§ 15-56-307. Sale of land or mineral rights — Lease unaffected

The lease executed by the receiver under the approval of the court as provided in § 15-56-306 shall not terminate with the sale of the lands or mineral interests therein, thereon, or thereunder. Any person purchasing or holding thereafter shall take the land or mineral rights subject to the lease executed by the receiver pursuant […]

§ 15-56-308. Discharge of receiver — Accounting

Upon any lease or contract being executed by the receiver appointed by the circuit court as provided in this subchapter, and upon the lease or contract’s being reported, and approved by the court, and all considerations, if any, being accounted for by the receiver, with any money left in the hands of the receiver being […]

§ 15-56-309. Execution of agreements subsequent to discharge of receiver

After discharge of the receiver, if it should become necessary for unit operating agreements, royalty unitization agreements, royalty pooling agreements, field unitization and repressure agreements, or other agreements and contracts relative thereto to be executed, the clerk of the court is authorized to petition the circuit court for the authority to execute the agreements, with […]

§ 15-56-311. Failure of lessee to report output

Any person, firm, or corporation leasing lands in this state under written contracts providing for a royalty to be paid the lessor for ore deposits or minerals taken out of or off of the land, or any officer, agent, or employee of the lessee, who, with the intent to defraud the lessee out of any […]