A Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document used in the state of Mississippi to release a portion of a lien on an assigned overriding royalty interest. This document allows a party to release a specific portion of the lien while retaining the lien on the remaining portion. In Mississippi, there may be different types of partial releases of liens on assigned overriding royalty interests, depending on the specific circumstances and agreements between the parties involved. Some common types include: 1. Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest for a Specific Well: This type of release is used when a lien was placed on an assigned overriding royalty interest for a particular oil or gas well. The party may release a portion of the lien associated with that specific well while maintaining the lien on the remaining interest. 2. Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest for Multiple Wells: In cases where multiple oil or gas wells are involved, this type of release allows a party to release a portion of the lien associated with specific wells while retaining the lien on the remaining overriding royalty interests. 3. Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest based on Percentage: When a lien is based on a percentage of the assigned overriding royalty interest, this type of release allows the party to release a specific percentage of the lien while keeping the lien on the remaining percentage. 4. Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest based on Monetary Amount: If a lien is based on a specific monetary amount, this type of release permits the party to release a portion of the lien equal to a specific monetary value while keeping the lien on the balance amount. The Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest is typically used in oil and gas industry transactions where overriding royalty interests have been assigned as collateral. It ensures that specific portions of the lien can be released when appropriate while preserving the lien on the remaining overriding royalty interest. It is essential to consult with legal professionals or experts in the oil and gas industry to ensure compliance with Mississippi laws and regulations when drafting or executing such a release.
Mississippi Partial Release of Lien on Assigned Overriding Royalty Interest
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