§ 15-73-208 - Transfer of mineral lease -- Notice. - Arkansas Statutes

15-73-208. Transfer of mineral lease -- Notice.

(a) A person holding a mineral lease shall notify the owner of the mineral rights upon which the lease has been given upon the first transfer of the mineral lease to another person if the transfer occurs within twenty-four (24) months after the execution of the lease.

(b) The written notice shall include:

(1) The name of the buyer of the mineral lease;

(2) The address of the buyer of the mineral lease; and

(3) Information on how to contact the buyer of the mineral lease.

(c) The written notice shall be sent through the United States Postal Service by first class mail.

(d) This section shall apply to a mineral lease entered into after August 1, 2009.