Section 15-1204 - Preservation of mineral interests - In general. - Maryland Statutes

§ 15-1204. Preservation of mineral interests - In general.
 

(a)  Notice of intent to preserve interest - In general.-  

(1) An owner of a mineral interest may record, at any time, a notice of intent to preserve the mineral interest or a part of a mineral interest. 

(2) A mineral interest is preserved in the county in which the notice is recorded. 

(b)  Notice of intent to preserve interest - Recordation.-  

(1) The following individuals may record a notice in accordance with subsection (a) of this section: 

(i) An owner of the mineral interest; 

(ii) Another person legally authorized to act on behalf of the owner; or 

(iii) A co-owner, for the benefit of any or all co-owners. 

(2) A notice recorded under subsection (a) of this section shall contain: 

(i) The name of the owner, or co-owners, of the mineral interest; or 

(ii) If the identity of the owner cannot be determined, information that states that the owner cannot be determined; and 

(iii) An identification of the mineral interest or part of the mineral interest to be preserved, in accordance with subsection (c) of this section. 

(c)  Identification of mineral interest.- A mineral interest shall be identified by: 

(1) A reference to the location in the records of the instrument that creates, reserves, or otherwise evidences the interest; 

(2) The judgment or decree that confirms the mineral interest; 

(3) A legal description of the mineral interest, if accompanied by a reference to the name of the record owner under whom the owner of the mineral interest claims; or 

(4) A general reference to any or all mineral interests of the owner in any real property situated in the county, if: 

(i) A previously recorded instrument created, reserved, or otherwise evidenced the mineral interest; or 

(ii) A judgment or decree confirms the mineral interest. 
 

[2010, chs. 268, 269.]