This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Alaska Correction to Mineral Deed As to Interest Conveyed — A Detailed Description In the state of Alaska, a Correction to Mineral Deed As to Interest Conveyed serves as an important legal instrument to rectify errors or omissions in a previously recorded mineral deed related to the conveyed interest. This correction allows parties to accurately document and update the ownership details of mineral rights, thereby ensuring clarity and avoiding potential disputes or misunderstandings. Keywords: Alaska, correction, mineral deed, interest conveyed Types of Alaska Correction to Mineral Deed As to Interest Conveyed: 1. Correcting Ownership Percentage: This type of correction is necessary when the initial mineral deed incorrectly stated the ownership percentage assigned to different parties. For instance, if an individual's ownership interest was mistakenly recorded as 30% instead of the correct 40%, a correction to the mineral deed will rectify this error and accurately reflect the true ownership proportions. 2. Rectifying Missing or Additional Parties: Sometimes, a mineral deed might fail to include all relevant parties involved in the conveyance or inclusion of the mineral interest. This type of correction provides the opportunity to add or remove individuals or entities that were inadvertently excluded or included erroneously in the original recording. 3. Updating Legal Descriptions: In certain situations, the legal description of the mineral rights conveyed in the initial deed might contain errors, inaccuracies, or omissions. This type of correction enables the accurate identification and description of the mineral property, ensuring that the interests conveyed align with the actual location and boundaries of the mineral rights. 4. Correcting Recording Mistakes: Occasionally, clerical errors or mistakes occur during the recording process, resulting in inaccurate or incomplete records. This type of correction addresses those errors, allowing for the amendment of incorrect dates, page numbers, book references, or other recording details to ensure the accuracy of the mineral deed record. 5. Updating Conveyance Language: If the language used in the initial mineral deed to convey the interest was ambiguous, unclear, or improperly worded, a correction can be made to clarify the intended conveyance and avoid any potential disputes or misinterpretations. Overall, an Alaska Correction to Mineral Deed As to Interest Conveyed offers a legal mechanism to rectify errors, inaccuracies, or omissions in the original recording of mineral deeds, ensuring that the conveyed interests are accurately reflected and properly documented. It is critical to consult with legal professionals or relevant authorities to undertake these corrections and ensure compliance with Alaska's laws and regulations.
