Texas Property Code 75.002 – Transfer and Purchase of Mineral Interest On Mineral Proceeds
Current as of: 2024 | Check for updates
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Terms Used In Texas Property Code 75.002
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A person purchasing mineral proceeds of an owner whose name has been reported or is reportable to the comptroller shall provide documentation required by the comptroller to substantiate that the transfer is executed by the reported owner or the reported owner’s legal agent.