Texas Statutes (Last Updated: January 4, 2014) |
ESTATES CODE |
Title 3. GUARDIANSHIP AND RELATED PROCEDURES |
Subtitle E. ADMINISTRATION OF GUARDIANSHIP |
Chapter 1160. MATTERS RELATING TO MINERAL PROPERTIES |
Subchapter E. SPECIAL ANCILLARY INSTRUMENTS THAT MAY BE EXECUTED WITHOUT COURT ORDER |
Sec. 1160.201. AUTHORIZATION FOR EXECUTION OF CERTAIN INSTRUMENTS
Latest version.
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As to any mineral lease or pooling or unitization agreement, executed on behalf of an estate before September 1, 1993, pursuant to provisions, or executed by a former owner of land, minerals, or royalty affected by the lease or agreement, the guardian of the estate being administered, without further court order and without consideration, may execute:
(1) division orders;
(2) transfer orders;
(3) instruments of correction;
(4) instruments designating depository banks for the receipt of delay rentals or shut-in gas well royalty to accrue or become payable under the terms of the lease; or
(5) similar instruments relating to the lease or agreement and the property covered by the lease or agreement.
Added by Acts 2011, 82nd Leg., R.S., Ch. 823 , Sec. 1.02, eff. January 1, 2014.