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Section 15-72-1108 - Legal title — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 15 - Natural Resources and Economic Development (§§ 15-1-101 — 15-76-324)/
  5. Subtitle 6 - Oil, Gas, and Brine/
  6. Chapter 72 - Oil and Gas Production and Conservation Sub/
  7. Subchapter 11 - Oil and Gas Owners' Lien Act of 2021/
  8. Section 15-72-1108 - Legal title
Arkansas Legal Code

Section 15-72-1108 - Legal title

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