Loading chat...
ID S1255
Bill
Status
1/28/2014
Primary Sponsor
Resources and Environment Committee
Click for details
AI Summary
-
Adds Section 55-101C to Idaho Code establishing that conveyances of mineral rights include oil and gas rights from the bill's effective date, unless specifically reserved or previously conveyed.
-
Establishes a presumption that mineral rights conveyances made before the bill's effective date are presumed to include oil and gas rights, unless specifically reserved or previously conveyed.
-
Creates exceptions to the inclusion of oil and gas rights when such rights are explicitly reserved in the conveyance document.
-
Creates exceptions to the inclusion of oil and gas rights when oil and gas rights were previously conveyed to another party.
Legislative Description
Adds to existing law to provide that certain conveyances of mineral rights include rights to oil and gas, to provide that certain conveyances of mineral rights are presumed to include rights to oil and gas and to provide exceptions.
MINERAL RIGHTS
Last Action
Reported Printed; referred to Resources & Environment
1/29/2014