Texas Property Code
§ 75.001 — DEFINITIONS; APPLICATION OF CHAPTER
PR § 75.001Title 6. UNCLAIMED PROPERTY · Ch. 75. TEXAS MINERALS · Art. A. APPLICABILITY
Statute text
View on source(a)In this chapter:
(1)"Mineral" means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the oil, gas, uranium, sulphur, lignite, coal, or other substance is found.
(2)"Mineral proceeds" includes:
(A)all obligations to pay resulting from the production and sale of minerals, including net revenue interests, royalties, overriding royalties, production payments, and joint operating agreements; and
(B)all obligations for the acquisition and retention of a mineral lease, including bonuses, delay rentals, shut-in royalties, and minimum royalties.
(3)"Holder" means a person, wherever organized or domiciled, who is:
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Legislative history
Added by Acts 1985, 69th Leg., ch. 230, Sec. 17, eff. Sept. 1, 1985. Amended by Acts 1987, 70th Leg., ch. 426, Sec. 6, eff. Sept. 1, 1987.