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Ark. Code Ann. § 15-73-208

Transfer of mineral lease — Notice

Acts 2009, No. 1183, § 1.

(1) 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.

(2) The written notice shall include: The name of the buyer of the mineral lease;

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

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

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

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

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.