Ark. Code Ann. § 15-72-1108

Legal title

Last amended: 2021Year: 2026Length: 214 words
This subchapter does not affect: (1) The time at which legal title to oil and gas may pass by agreement or operation of law subject to an oil and gas lien; (2) The right of a first purchaser to take or receive oil and gas under the terms of a lease, provided that the lease shall not modify, waive, or abrogate in any respect the rights of an interest owner under this subchapter; or (3) Subject to § 15-72-1109 , the right of a first purchaser to take or receive oil and gas under an agreement to sell. Added by Act 2021, No. 275,§ 1, eff. 7/28/2021. This subchapter does not affect: (1) The time at which legal title to oil and gas may pass by agreement or operation of law subject to an oil and gas lien; (2) The right of a first purchaser to take or receive oil and gas under the terms of a lease, provided that the lease shall not modify, waive, or abrogate in any respect the rights of an interest owner under this subchapter; or (3) Subject to § 15-72-1109 , the right of a first purchaser to take or receive oil and gas under an agreement to sell. Added by Act 2021, No. 275,§ 1, eff. 7/28/2021.
Ark. Code Ann. § 15-72-1108: Legal title | Justis AI