Unless the lease provides otherwise, the lessee must notify all Indian landowners of the proposed assignment.
The Indian landowners, or their representatives under § 162.013, must consent to an assignment in the same percentages and manner as a new WSR lease under § 162.012, unless the lease:
Provides that individual Indian landowners are deemed to have consented where they do not object in writing to the assignment within a specified period of time following the landowners' receipt of the assignment and the lease meets the requirements of paragraph (c) of this section;
Authorizes one or more representatives to consent to an assignment on behalf of all Indian landowners; or
Designates us as the Indian landowners' representative for the purposes of consenting to an assignment.
If the lease provides for deemed consent under paragraph (b)(1) of this section, it must require the parties to submit to us:
A copy of the executed assignment or other documentation of any Indian landowners' actual consent;
Proof of mailing of the assignment to any Indian landowners who are deemed to have consented; and
Any other pertinent information for us to review.
The lessee must obtain the consent of the holders of any bonds or mortgages.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.