• US Legal Forms

Michigan Mineral Rights

State:
Multi-State
Control #:
US-OG-108
Format:
Word; 
Rich Text
Instant download

Description

The information provided with the form identifies states that are known to have enacted dormant interest statutes. The form provided is a general form, which may not meet the statutory requirements of all states listed. This form may be supplemented or amended to meet a state's specific statutory requirements, if possible, to assert a claim of ownership to avoid the loss of an interest.
The Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest is a legal document used to establish ownership and protect mineral rights in the state of Michigan. This notice is specifically intended for dormant mineral interests, which refers to mineral rights that have not been actively utilized or leased for a certain period of time. The purpose of filing a Notice of Claim of Mineral Interest for Dormant Mineral Interest is to assert and preserve one's ownership rights over these dormant mineral rights, preventing them from being deemed abandoned and potentially lost forever. It serves as a formal notification to other parties, including potential buyers or lessees, that someone still holds a valid claim to these mineral rights. The content of the notice typically contains the following relevant keywords: 1. Notice of Claim: This phrase highlights the purpose of the document, emphasizing the intent to assert ownership and fulfill legal requirements. 2. Mineral Interest: Refers to the ownership or ownership rights over minerals found beneath the surface of a property. 3. Dormant Mineral Interest: Specifically addresses the category of mineral rights that have been inactive for a prolonged period, triggering the need for filing this notice. 4. Michigan: Specifies the jurisdiction and state where the notice is being filed, ensuring compliance with local laws and regulations. 5. Abandonment: Indicates the potential consequence of not filing the notice, as dormant mineral interests may be considered abandoned and relinquished if not properly asserted. 6. Preserving Ownership: Emphasizes the purpose of the notice to secure and maintain ownership rights over the dormant mineral interest. 7. Legal Protection: Highlights the importance of complying with legal requirements to avoid disputes or challenges to the ownership of the mineral interest. It's worth noting that while the Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest is a specific type of notice, there may not be different classifications or types within this category. However, it's always crucial to consult with legal professionals or local authorities to ensure compliance with any specific variations and requirements that may exist.

The Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest is a legal document used to establish ownership and protect mineral rights in the state of Michigan. This notice is specifically intended for dormant mineral interests, which refers to mineral rights that have not been actively utilized or leased for a certain period of time. The purpose of filing a Notice of Claim of Mineral Interest for Dormant Mineral Interest is to assert and preserve one's ownership rights over these dormant mineral rights, preventing them from being deemed abandoned and potentially lost forever. It serves as a formal notification to other parties, including potential buyers or lessees, that someone still holds a valid claim to these mineral rights. The content of the notice typically contains the following relevant keywords: 1. Notice of Claim: This phrase highlights the purpose of the document, emphasizing the intent to assert ownership and fulfill legal requirements. 2. Mineral Interest: Refers to the ownership or ownership rights over minerals found beneath the surface of a property. 3. Dormant Mineral Interest: Specifically addresses the category of mineral rights that have been inactive for a prolonged period, triggering the need for filing this notice. 4. Michigan: Specifies the jurisdiction and state where the notice is being filed, ensuring compliance with local laws and regulations. 5. Abandonment: Indicates the potential consequence of not filing the notice, as dormant mineral interests may be considered abandoned and relinquished if not properly asserted. 6. Preserving Ownership: Emphasizes the purpose of the notice to secure and maintain ownership rights over the dormant mineral interest. 7. Legal Protection: Highlights the importance of complying with legal requirements to avoid disputes or challenges to the ownership of the mineral interest. It's worth noting that while the Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest is a specific type of notice, there may not be different classifications or types within this category. However, it's always crucial to consult with legal professionals or local authorities to ensure compliance with any specific variations and requirements that may exist.

Free preview
  • Form preview
  • Form preview

How to fill out Michigan Notice Of Claim Of Mineral Interest For Dormant Mineral Interest?

US Legal Forms - one of many biggest libraries of legal kinds in the USA - provides an array of legal document layouts you can acquire or printing. Utilizing the web site, you will get 1000s of kinds for company and specific reasons, categorized by types, suggests, or keywords and phrases.You can get the newest types of kinds much like the Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest within minutes.

If you currently have a monthly subscription, log in and acquire Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest through the US Legal Forms local library. The Down load switch will appear on every kind you see. You have accessibility to all formerly downloaded kinds from the My Forms tab of your bank account.

If you wish to use US Legal Forms the first time, allow me to share simple directions to help you get started off:

  • Ensure you have chosen the best kind to your metropolis/county. Select the Review switch to examine the form`s information. Look at the kind outline to ensure that you have chosen the proper kind.
  • In case the kind doesn`t satisfy your needs, use the Look for area towards the top of the screen to get the one which does.
  • If you are satisfied with the shape, affirm your selection by visiting the Buy now switch. Then, select the rates prepare you favor and offer your accreditations to sign up to have an bank account.
  • Method the purchase. Make use of your credit card or PayPal bank account to complete the purchase.
  • Find the structure and acquire the shape on your own device.
  • Make changes. Fill up, edit and printing and indicator the downloaded Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest.

Each template you included in your bank account does not have an expiry time and is also yours forever. So, if you would like acquire or printing yet another version, just visit the My Forms segment and click on in the kind you will need.

Obtain access to the Michigan Notice of Claim of Mineral Interest for Dormant Mineral Interest with US Legal Forms, probably the most substantial local library of legal document layouts. Use 1000s of specialist and condition-particular layouts that fulfill your small business or specific requires and needs.

Form popularity

FAQ

Mineral rights ownership information can be found with the register of deeds in the county where the land is located.

A dormant mineral statute or act is basically a law passed within the state legislature that addresses the issue of severed mineral rights where the owner cannot be located.

The Dormant Mineral Act provides that any interest in oil or gas in any land owned by any person other than the surface owner that has not been sold, leased, mortgaged, or transferred by an instrument recorded in the office of the register of deeds for 20 years is deemed abandoned if (1) a drilling permit is not ...

Mineral rights can expire if the owner does not renew them or if they go unclaimed for a certain period of time. Mineral rights can also be sold, fractionalized, or transferred through gifting or inheritance.

Can Severed Mineral Rights be Retained Indefinitely? Under Michigan law (Act 42 of 1963, Termination of Oil or Gas Interests in Land), severed oil or gas rights revert to the surface owner after twenty years unless one of the following actions have occurred within the 20-year period: ? A drilling permit is issued.

Thus, unless at some point in the 20 years preceding the act, the mineral interest was leased or sold, or some steps taken to develop it, or other action taken that would indicate a current claim to it, it effectively reverted to the surface owner. This act explicitly does not apply to oil and gas interests.

For the purpose of this article, a mineral right is dormant if all of the following conditions are satisfied for a period of 20 years immediately preceding commencement of the action to terminate the mineral right: (a) There is no production of the minerals and no exploration, drilling, mining, development, or other ...

The Dormant Minerals Act is a Michigan law that causes severed oil and gas rights to be abandoned (lost) if the owner allows more than 20 years to pass without doing one of the following: Recording at the register of deed's office a sale, lease, mortgage or transfer of the severed interest.

Interesting Questions

More info

AN ACT to provide for the termination of dormant oil and gas interests in land owned by persons other ... filing of a notice of claim of interest within a ... Mar 8, 2016 — The Michigan Dormant Mineral Act: Retaining severed oil and gas rights ... Recording a claim of interest with the county Register of Deeds.It is strongly recommended that a Notice of Intention to Retain Mineral Rights be recorded within every 20 year period regardless of activity. 554.291 Oil or gas interest in land; abandonment; claim of interest; vesting in surface owner; preservation from disclosure. Sec. 1. (1) Any interest in oil or ... Michigan Dormant Mineral Act. ▫ Passed in 1963. ▫ Parties would ... ▫ State had stolen the oil, gas & mineral interests through this bogus notice concept and. MCL 554.291. Under the Dormant Mineral Act, the severed mineral owner may record a claim of interest or "Notice of Intent" to retain mineral rights every 20 ... Jan 26, 2004 — The Dormant Minerals Act covers oil and gas. Where the requisite dormancy period has expired, dormant oil and gas interests are extinguished or ... *38 The dormant mineral act provides that if the owner of a severed oil and gas interest fails to take actual possession of the interest as specified in the act ... by CJ Norland · 1982 · Cited by 1 — This bill provided a presumption that severed minerals were abandoned if taxes were not paid, the interest was not transferred, there was no actual production, ... by URBL ANN · 1982 — Id at v. The mineral interest owner willing to search for natural resources (assuming the absence of a statute resembling the Michigan Dormant Minerals Act; see ...

Trusted and secure by over 3 million people of the world’s leading companies

Michigan Mineral Rights