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House Bill 3838 |
House Author: Bailes et al. |
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Effective: 9-1-19 |
Senate Sponsor: Birdwell |
House Bill 3838 amends the Property Code to require certain instruments that convey a mineral or royalty interest but are made to look like the transaction is for a lease of a mineral or royalty interest to include certain conspicuous statements warning that the instrument is not an oil and gas lease and that the owner is selling all or a portion of the owner's mineral or royalty interests. The bill voids a conveyance for which the instrument does not include these required statements and provides remedies for a person who has conveyed a royalty or mineral interest in a voided conveyance.