Michigan Compiled Laws Act 42 Of 1963 Termination Of Oil Or Gas Interests In Land (554.291 - 554.294)

AN ACT to provide for the termination of dormant oil and gas interests in land owned by persons other than the owners of the surface and for the vesting of title to same in the surface owners in the absence of the filing of a notice of claim of interest within a specified period of time.

History: 1963, Act 42, Eff. Sept. 6, 1963

Section 554.291 Oil Or Gas Interest In Land; Abandonment; Claim Of Interest; Vesting In Surface Owner; Preservation From Disclosure.
(1) Any interest in oil or gas in any land owned by any person other than the owner of the surface, which has not...
Section 554.292 Preservation Of Oil Or Gas Interest; Recording Of Interest Notice Claimed; Applicability Of Act.
(1) Any interest in oil or gas referred to in this act may be preserved by recording within the period specified in this act...
Section 554.293 Underground Gas Storage Operation; Good Faith Affidavit, Filing.
For the purposes of this act, any person using such interests in underground gas storage operations may file a good faith affidavit in the...
Section 554.294 "Person" Defined.
As used in this act, "person" means an individual, partnership, corporation, association, or other legal entity. History: 1963, Act 42, Eff. Sept. 6, 1963...

Last modified: October 10, 2016