Minnesota Area of Mutual Interest

State:
Multi-State
Control #:
US-OG-695
Format:
Word; 
Rich Text
Instant download

Description

This form creates an Area of Mutual Interest (AMI) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.


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FAQ

Primary tabs. Under the right of survivorship, each tenant possesses an undivided interest in the whole estate. When one tenant dies, the tenant's interest disappears and the others tenants' shares increase proportionally and obtain the rights to the entire estate.

(10) "Common interest community" or "CIC" means contiguous or noncontiguous real estate within Minnesota that is subject to an instrument which obligates persons owning a separately described parcel of the real estate, or occupying a part of the real estate pursuant to a proprietary lease, by reason of their ownership ...

Consultation duties. (a) An agency must recognize the unique legal relationship between the state of Minnesota and the Minnesota Tribal governments, respect the fundamental principles that establish and maintain this relationship, and Tribal governments the same respect ed to other governments.

Minnesota Statutes, section 290.17, subdivision 4, provides that if a trade or business conducted wholly within this state, or partly within and partly without this state, is part of a unitary business, the entire income of the unitary business is subject to apportionment under Minnesota Statutes, section 290.191.

Unlike the previous law, surviving spouses and family members may now include claims for the pain, suffering, embarrassment, emotional distress, disability, and disfigurement suffered by the injured person before they died, regardless of whether the injury caused the death or was just coincidental.

Joint tenants are said to have a ?right of survivorship? because they acquire ownership interest automatically after the other joint tenant passes away.

An affidavit of survivorship is a legal document used to remove a deceased owner from title to property by recording evidence of the deceased owner's death in the land records.

Section 524.6-204 - RIGHT OF SURVIVORSHIP (a) Sums remaining on deposit at the death of a party to a joint account belong to the surviving party or parties as against the estate of the decedent unless: (1) there is clear and convincing evidence of a different intention; or (2) there is a different disposition made by a ...

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Minnesota Area of Mutual Interest