Ark. Code § 15-72-1108

Current with legislation from 2024 effective through May 3, 2024.

Section 15-72-1108 - Legal title

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.

Ark. Code § 15-72-1108

Added by Act 2021, No. 275,§ 1, eff. 7/28/2021.