2013 Mississippi Code
Title 93 - DOMESTIC RELATIONS
Chapter 13 - GUARDIANS AND CONSERVATORS
SMALL TRANSACTIONS PERFORMED WITHOUT GUARDIANSHIP
§ 93-13-215 - Royalties, etc. due ward under oil, gas and mineral lease


MS Code § 93-13-215 (2013) What's This?

When there is due and payable to a ward who has no guardian of his estate duly appointed and qualified pursuant to the statutes of this state a sum not to exceed two hundred fifty dollars ($ 250.00) as accrued or impounded runs of production under an oil, gas and mineral lease producing any such mineral, or as royalties, including shut-in gas royalties, overriding royalties, or other payments out of production accrued to such ward under a lease producing oil, gas and minerals, such payment may be made by the individual or company holding the same as provided in Section 93-13-213 dealing with payment of delay rentals. Said individual or company may continue paying such funds in like manner on a monthly basis or on such terms as provided in the lease or instrument creating the ward's interest so long as the said payments do not exceed twenty-five dollars ($ 25.00) per month, or an average of such amounts if payments are made on other than a monthly basis.

Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.