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.
Connecticut Stipulation and Assignment of Undivided Interest in Leases
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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 ... (bb) “Lessee” means a unit owner of an undivided interest in a leasehold on a fee which has been submitted to the provisions of this chapter. (cc) “Leasehold ...Mar 1, 1975 — unit owners shall be deemed to own the property as tenants in common with undivided interests in the percentage of undivided interests ... 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. BASIC OIL AND GAS FORMS PROGRAM · Assignment (Undivided Interest in Producing Lease) · Assignment and Bill of Sale (To Life Tenant and Remainderman) · Assignment ... 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. The defendant seeks a partition of the premises and damages. During the course of the trial, the defendant moved for permission to file two special defenses, ... ... of an undivided one-half interest in the leases, subject to the unitization agreement. This assignment did not mention the $50,000 production payment. Effect of the Assignment on the Lessee / Assignor. ▫ Rights of Lessee / Assignor vs. Assignee. ▫ Duties owed by one or the other, or both, to Lessor. OPINION: HULL, Circuit Judge: This appeal involves the value, for federal gift tax purposes, of the transfer of minority shares of leased land by Petitioner ...