Consolidating with adjoining land; joint development
Sec. 4. Every guardian, executor, or administrator shall have the
power, upon approval by the court wherein the guardianship is
pending, to execute agreements consolidating the lands of the
protected person or of the estate covered by an oil and gas mining
lease that has been executed, or which may be executed, or any part
thereof, with other adjoining land for the purpose of joint
development and operation of the entire consolidated premises as a
unit, to the end that the protected person or estate shall share
proportionately in the royalty on oil, gas and casinghead gas
produced from the consolidated tract.
(Formerly: Acts 1943, c.270, s.4.) As amended by P.L.33-1989,
SEC.87.
Last modified: May 27, 2006