Texas Property Code Chapter 31 – Bad Faith Washout of Overriding Royalty Interest in Oil and Gas Lease
Current as of: 2024 | Check for updates
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§ 31.001 | Definitions |
§ 31.002 | Cause of Action for Bad Faith Washout |
§ 31.003 | Venue |
§ 31.004 | Remedies; Costs and Fees |
§ 31.005 | Limitation On Filing Action |
Terms Used In Texas Property Code Chapter 31 - Bad Faith Washout of Overriding Royalty Interest in Oil and Gas Lease
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Estate: means a decedent's property, as that property:
(1) exists originally and as the property changes in form by sale, reinvestment, or otherwise;
(2) is augmented by any accretions and other additions to the property, including any property to be distributed to the decedent's representative by the trustee of a trust that terminates on the decedent's death, and substitutions for the property; and
(3) is diminished by any decreases in or distributions from the property. See Texas Estates Code 22.012 - Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- person interested: means :
(1) an heir, devisee, spouse, creditor, or any other having a property right in or claim against an estate being administered; and
(2) anyone interested in the welfare of an incapacitated person, including a minor. See Texas Estates Code 22.018 - Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Ward: means a person for whom a guardian has been appointed. See Texas Estates Code 22.033
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.