US Laws, Codes, Statutes & Cases

PART 3.  MODES OF EXTINCTION OF THE MINERAL ROYALTY

§85.  Extinction of mineral royalties

A mineral royalty is extinguished by:

(1)  prescription resulting from nonuse for ten years;

(2)  confusion with the title out of which it was created;

(3)  renunciation of the royalty right on the part of him to whom it is due, or the express remission of his right;

(4)  expiration of the time for which the royalty right was granted or happening of the dissolving condition attached to the mineral royalty; or

(5)  extinction of the right of him who established the mineral royalty, except that the extinction of a mineral servitude by inheritance or by any act of the servitude owner does not extinguish a royalty burdening the servitude unless the royalty owner is a party to the act or otherwise consents expressly and in writing to become bound by it.  

Acts 1974, No. 50, §85, eff. Jan. 1, 1975.