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
<p class="bill_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</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> 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.
</p>
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 |