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Texas Probate Code - Section 372. Validation Of Certain Leases And Pooling Or Unitization Agreements Based On Previous Statutes

Legal Research Home > Texas Laws > Probate Code > Texas Probate Code - Section 372. Validation Of Certain Leases And Pooling Or Unitization Agreements Based On Previous Statutes

§ 372. VALIDATION OF CERTAIN LEASES AND POOLING OR 
UNITIZATION AGREEMENTS BASED ON PREVIOUS STATUTES.  All presently 
existing leases on the oil, gas, or other minerals, or one or more 
of them, belonging to the estates of decedents, and all agreements 
with respect to pooling, or unitization thereof, or one or more of 
them, or any interest therein, with like properties of others 
having been authorized by the court having venue, and executed and 
delivered by the executors, administrators, or other fiduciaries of 
their estates in substantial conformity to the rules set forth in 
statutes heretofore existing, providing for only seven days notice 
in some instances, and also for a brief order designating a time and 
place for hearing, are hereby validated in so far as said period of 
notice is concerned, and in so far as the absence of any order 
setting a time and place for hearing is concerned;  provided, this 
shall not apply to any lease or pooling or unitization agreement 
involved in any suit pending on the effective date of this Code 
wherein either the length of time of said notice or the absence of 
such order is in issue.

Acts 1955, 54th Leg., p. 88, ch. 55, eff. Jan. 1, 1956.  Amended by 
Acts 1993, 73rd Leg., ch. 957, § 65, eff. Sept. 1, 1993.

PART 8. PARTITION AND DISTRIBUTION OF ESTATES OF DECEDENTS

Last modified: August 11, 2007