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Minnesota Affidavit As to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed

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An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This affidavit form is used when a question arises concerning the mental competency of a lessor at the the time he/she signed a lease.

Minnesota Affidavit As to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed is a legal document used in Minnesota to assert that the lessor (property owner) was of sound mind and had the mental capacity to enter into an oil and gas lease agreement on a specific date. This affidavit serves as proof to validate the lessor's mental competence during the execution of the lease, ensuring that the agreement is legally binding and enforceable. It is a critical document for both parties involved in the lease agreement. Keywords: Minnesota, Affidavit, Lessor, Sound Mind, Oil and Gas Lease, Executed, Mental Capacity, Legal Document, Property Owner, Validity, Binding, Enforceable. Different Types of Minnesota Affidavit As to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed: 1. Individual Affidavit: This type of affidavit is executed when the lessor is an individual property owner. It states that the individual was of sound mind and had the mental capacity required to enter into the oil and gas lease agreement on the specified date. 2. Trust Affidavit: In cases where the property is held within a trust, this type of affidavit is used. It confirms that the trustee or trustees, who represent the trust, were of sound mind and had the mental capacity to authorize the oil and gas lease. 3. Corporate Affidavit: When the lessor is a corporation, this affidavit is executed by an authorized officer on behalf of the corporation. It attests that the officer signing the affidavit, and thus the corporation, was of sound mind and had the mental capacity to enter into the oil and gas lease agreement. 4. Estate Affidavit: If the property is held within an estate, this type of affidavit is used. It verifies that the estate's executor or administrator was of sound mind and had the mental capacity to accept or authorize the oil and gas lease on behalf of the estate. These various types of affidavits are essential in ensuring the validity and enforceability of oil and gas lease agreements in Minnesota. They provide legal protection and reassurance to both lessors and lessees involved in such transactions.

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Select the appropriate subscription plan, then log in or register for an account. Choose the preferred payment method (with credit card or PayPal) to ... An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public).Add the Affidavit As to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed for redacting. · Alter your document. · Complete redacting the form. (33) "Interested person" includes heirs, devisees, children, spouses, creditors, beneficiaries and any others having a property right in or claim against the ... Affidavit as to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed; Affidavit as to Principal's Competence at Time of Granting Power of Attorney ... Mar 20, 2017 — 1. I am over the age of 21, of sound mind and body, and capable of making this. Affidavit of my own free will. 2. My residential address is ... shall have the same right[s]. . . .'' Ch. 31, 14 Stat. 27. 4 The proposed ... Minnesota, 278 U.S. 503 (1929). 57 Illinois Cent. R.R. v. Minnesota, 309 U.S. ... This Lease shall be governed by and construed in accordance with the laws of the State. IN WITNESS WHEREOF, Lessor has caused this Lease to be executed in ... Jan 28, 2019 — When drafting a drilling and division order title opinion, one of our first steps is to analyze any applicable Oil and Gas Leases covering ... Apr 18, 2022 — (B) ROYALTY: For all oil and gas substances that are produced and sold from the lease premises, Lessor shall receive as its royalty 1/8th ...

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Minnesota Affidavit As to Lessor Being of Sound Mind on Date Oil and Gas Lease Was Executed