Arkansas Relinquishment Provision - All offset Wells
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(a) The total indebtedness to any state bank of any person shall at no time exceed twenty percent (20%) of the capital base of the bank.
The rule followed is generally known as the Strohacker Doctrine, named for the case of Missouri Pacific Railroad Co. v. Strohacker,s in which the Arkansas Supreme Court affirmed a chan- cery court decision that reservations of "coal and mineral deposits" in 1892 and 1893 deeds did not reserve the oil and gas.
Filing instruments affecting title or interest in real property. (B) Procuring money or value from the true owner, lessee, or assignee to clear the instrument from the records of the office of the recorder. (b) Any person violating a provision of subsection (a) of this section is guilty of a Class A misdemeanor.
