Harris Texas Direction For Payment of Royalty to Trustee by Royalty Owners

• Category: Oil Gas and Minerals - Agent Designations
• State: Multi-State
• County: Harris
• Control #: US-OG-018
• Format: Word; Rich Text

Description

This is a form of directive by parties for their royalty interests to be paid to a trustee. This direction for payment may be sent to an operator or disburser of production. It facilitates one payment to a party for numerous interests. Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners is a legal document that outlines the specific instructions for royalty owners to direct the payment of their royalties to a designated trustee. This document serves to ensure the proper management and distribution of royalty funds in Harris County, Texas. Keywords: Harris Texas, Direction for Payment of Royalty, Trustee, Royalty Owners, legal document, management, distribution, Harris County, Texas. There are a few different types of Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners, namely: 1. Individual Trustee Direction: This type of document is used when an individual royalty owner wants to establish a trustee to manage and disburse their royalty payments. It includes details such as the owner's name, contact information, and the chosen trustee's name. 2. Joint Trustee Direction: In cases where multiple royalty owners collectively decide to appoint a trustee, a joint trustee direction is utilized. This document includes the names and contact information of all the owners as well as the chosen trustee. 3. Successor Trustee Direction: When a royalty owner wants to name a successor trustee to handle their royalty payments in the event of incapacitation or death, a successor trustee direction is employed. It includes the owner's information, current trustee details, and the appointed successor trustee's name and contact information. 4. Temporary Trustee Direction: In certain situations where a royalty owner is unable to personally manage their royalty funds for a limited period, a temporary trustee direction is implemented. This document specifies the temporary trustee's name, duration of their appointment, and the owner's contact information. Overall, the Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners is essential for ensuring the efficient and secure distribution of royalty funds to the designated trustee. It provides clear instructions for royalty owners and helps maintain transparency and accountability in the management of royalty payments in Harris County, Texas.

Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners is a legal document that outlines the specific instructions for royalty owners to direct the payment of their royalties to a designated trustee. This document serves to ensure the proper management and distribution of royalty funds in Harris County, Texas. Keywords: Harris Texas, Direction for Payment of Royalty, Trustee, Royalty Owners, legal document, management, distribution, Harris County, Texas. There are a few different types of Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners, namely: 1. Individual Trustee Direction: This type of document is used when an individual royalty owner wants to establish a trustee to manage and disburse their royalty payments. It includes details such as the owner's name, contact information, and the chosen trustee's name. 2. Joint Trustee Direction: In cases where multiple royalty owners collectively decide to appoint a trustee, a joint trustee direction is utilized. This document includes the names and contact information of all the owners as well as the chosen trustee. 3. Successor Trustee Direction: When a royalty owner wants to name a successor trustee to handle their royalty payments in the event of incapacitation or death, a successor trustee direction is employed. It includes the owner's information, current trustee details, and the appointed successor trustee's name and contact information. 4. Temporary Trustee Direction: In certain situations where a royalty owner is unable to personally manage their royalty funds for a limited period, a temporary trustee direction is implemented. This document specifies the temporary trustee's name, duration of their appointment, and the owner's contact information. Overall, the Harris Texas Direction for Payment of Royalty to Trustee by Royalty Owners is essential for ensuring the efficient and secure distribution of royalty funds to the designated trustee. It provides clear instructions for royalty owners and helps maintain transparency and accountability in the management of royalty payments in Harris County, Texas.