Delaware Assignment of Production Payment Measured by Value Received

State:
Multi-State
Control #:
US-OG-294
Format:
Word; 
Rich Text
Instant download

Description

This form is used when Assignor transfers, assigns, and conveys to Assignee a production payment measureed by value.

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FAQ

See § 1145. The Revised Uniform Unclaimed Property Act (RUUPA) provides a five-year statutory period for all types of property if a holder files a return and a 10-year statute of repose.

The common interest doctrine occasionally allows separately represented clients to share privileged communications without waiving that fragile protection. Nearly all courts require that the common interest doctrine participants share a common legal interest, rather than merely a common financial interest.

A person is guilty of abandonment of a child when, being a parent, guardian or other person legally charged with the care or custody of a child, the person deserts the child in any place intending permanently to abandon the child. Abandonment of a child is a class E felony unless the child is 14 years of age or older.

The duration of the dormancy period varies depending on the type of property in question, but the vast majority of property types in Delaware have a five year dormancy period.

Common interest community means real estate described in a declaration with respect to which a person, by virtue of such person's ownership of a unit, is obligated to pay for real estate taxes, insurance premiums, maintenance, or improvement of other real estate described in a declaration.

The Delaware Uniform Common Interest Ownership Act applies to condominiums, cooperatives, planned unit communities, and timeshares. A condominium is real estate with sections identified for separate ownership (unit) and the remaining property dedicated to common elements with undivided interests by the unit owners.

As used in this section, ?cohabitation? means regularly residing with an adult of the same or opposite sex, if the parties hold themselves out as a couple, and regardless of whether the relationship confers a financial benefit on the party receiving alimony.

The State Escheator may take custody of property that is presumed abandoned, whether located in this State or another state, or in a foreign country if the last-known address of the owner, as shown on the records of the holder, is in this State. 81 Del. Laws, c.

Delaware Uniform Common Interest Ownership Act ("DUCIOA"), codified in Chapter 81 of Title 25 of the Delaware Code, governs all common interest communities (planned communities, condominiums, cooperatives, and subdivisions) created after September 30, 2009, unless otherwise exempted.

(11) ?Common interest community? means real estate described in a declaration with respect to which a person, by virtue of that person's ownership of a unit, is obligated to pay for a share of real estate taxes, insurance premiums, maintenance, or improvement of or services or other expenses related to common elements, ...

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Delaware Assignment of Production Payment Measured by Value Received