California Public Resources Code

§ 71462

PRC § 71462 Effective Jan 1, 2023Div. 34 · Part 8

Statute text

(a)Title to any geologic storage reservoir is vested in the owner of the overlying surface estate unless it has been severed and separately conveyed.

(b)A conveyance of the surface ownership of real property shall be a conveyance of any geologic storage reservoir below the surface of the real property unless the ownership interest in the geologic storage reservoir previously has been severed from the surface ownership or is explicitly excluded in the conveyance. The ownership of a geologic storage reservoir may be conveyed in the manner provided by law for the transfer of mineral interests in real property. No agreement or instrument conveying a mineral or other interest underlying the surface shall act to convey ownership of a geologic storage reservoir unless the agreement explicitly conveys that ownership interest.

(c)(1) An instrument that transfers the rights to a geologic storage reservoir under this section shall include all of the following:

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Legislative history

Added by Stats. 2022, Ch. 359, Sec. 5. (SB 905) Effective January 1, 2023. Conditionally inoperative on date prescribed by its own provisions. Repealed on January 1 following the inoperative date.