Texas Civil Practice and Remedies Code

§ 64.092 — RECEIVER FOR CONTINGENT INTERESTS IN MINERALS

CP § 64.092Title 3. EXTRAORDINARY REMEDIES · Ch. 64. RECEIVERSHIP · Art. F. RECEIVER FOR CERTAIN MINERAL INTERESTS

Statute text

(a)On the application of a person who has a vested, contingent, or possible interest in land or an estate subject to a contingent future interest, a district court or the business court division of the county in which all or part of the land is located may appoint a receiver for the land or estate, pending the occurrence of the contingency and the vesting of the future interest, if:

(1)the land or estate is susceptible to drainage of oil, gas, or other minerals;

(2)lease of the land for oil, gas, or mineral development and the safe and proper investment of the proceeds will inure to the benefit and advantage of the persons entitled to the proceeds; or

(3)lease of the land for the production of oil, gas, or other minerals is necessary for the conservation, preservation, or protection of the land or estate or of a present, contingent, or future interest in the land or estate.

(b)As authorized or directed by the court, a receiver appointed under Subsection (a) may:

(1)lease the land for the development of oil, gas, or other minerals at public or private sale and on terms and conditions directed by the court; and

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 912 (H.B. 40), Sec. 14, eff. September 1, 2025.