This form is used when a question has arisen as to the exact interest in the Leases acquired and owned by each of the Parties. The Parties to this Stipulation and Assignment desire to establish for the record and stipulate among themselves each of their respective interests in the Leases acquired by them in the Assignment.
Alabama Stipulation and Assignment of Undivided Interest in Leases
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Multi-State
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US-OG-272
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This form is used when a question has arisen as to the exact interest in the Leases acquired and owned by each of the Parties. The Parties to this ... Our editor is super easy to use and effective. Try it out now! be ready to get more. Complete this form in 5 minutes or less.BASIC OIL AND GAS FORMS PROGRAM · Assignment (Undivided Interest in Producing Lease) · Assignment and Bill of Sale (To Life Tenant and Remainderman) · Assignment ... by RE Sullivan · 1955 · Cited by 10 — the lease; he can transfer his entire interest and reserve an undivided inter- est or a fractional interest payable only out of production; or he can grant. ZAZA shall assign to HESS, on a lease by lease basis, an undivided 90% of ... interest in the additional leases purchased. The Net Mineral Acres attributable ... Jan 10, 2017 — More specifically, SIG seeks a one- half (1/2) undivided interest in Hines' property located at 203 Willowchase. Drive, Scottsboro, Alabama, ... Partnership under Ala. Code § 10-9B-802, asserting that it was no longer practicable to carry on the business of the Partnership in conformity with the ... Assignor hereby stipulates that, to the extent any of the Subject Leases have lease burdens in excess of 25% of 8/8ths, the amount by which such burdens exceed ... Simply put, property owned by a married couple held as tenancy by the entirety means that both spouses have an equal, and undivided, interest in the real estate ... Joint Tenancy. An undivided interest in property, taken by two or more joint tenants. The interests must be equal, according under the same conveyance, and ...