HB59 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Real property, mineral rights, revert to current property owner after 30 years under certain conditions
Description
Under existing law, a person may reserve the right to minerals in real property that he or she conveys to another person or entity
This bill would provide that a reservation of mineral rights in real property made on or after the effective date of this act shall expire within 30 years from the date of the reservation unless severance or extraction of the minerals has been commenced prior to the expiration of the right
Relating to mineral rights; to provide that a reservation of mineral rights in real property made on or after the effective date of this act shall expire within 30 years from the date of the reservation unless the severance or extraction of the minerals has been commenced prior to the expiration of the right.
Subjects
Property, Real and Personal
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 7, 2012 | Read for the first time and referred to the House of Representatives committee on Commerce and Small Business |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB59 Alabama 2012 Session - Introduced |