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Michigan Compiled Laws — TERMINATION OF OIL OR GAS INTERESTS IN LAND (Act 42 of 1963)

Michigan · statute · 42 of 1963, Mich. Comp. Laws · 4 active provisions

4 active provisions.

Mich. Comp. Laws § 554.291

Oil or gas interest in land; abandonment; claim of interest; vesting in surface owner; preservation from disclosure.

(1) Any interest in oil or gas in any land owned by any person other than the owner of the surface, which has not been sold, leased, mortgaged, or transferred by instrument recorded in the register of deeds office for the county where that interest in oil or gas is located for a period of 20 years shall, in the absence…

MichiganTERMINATION OF OIL OR GAS INTERESTS IN LANDeffective
Mich. Comp. Laws § 554.292

Preservation of oil or gas interest; recording of interest notice claimed; applicability of act.

(1) Any interest in oil or gas referred to in this act may be preserved by recording within the period specified in this act a written notice in the register of deeds office for the county in which the land is located. The notice shall be verified by oath and shall describe the land and the nature of the interest claim…

MichiganTERMINATION OF OIL OR GAS INTERESTS IN LANDeffective