This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
Montana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document used to transfer the rights to overriding royalty interests from one party to another in the state of Montana. This type of assignment allows for the transfer of these interests without any reduction or proportionate sharing of the interest across multiple leases. The Montana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is typically used when an individual or entity holds overriding royalty interests in multiple leases in Montana and wishes to assign those interests to another party while maintaining the same percentage ownership across all leases. Keywords: Montana, assignment, overriding royalty interest, multiple leases, no proportionate reduction, long form. Different types of Montana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may include variations such as: 1. Individual Assignment: This type of assignment involves an individual transferring their overriding royalty interests in multiple leases to another individual or entity without any proportionate reduction. 2. Corporate Assignment: In this variation, a corporation transfers its overriding royalty interests in multiple leases to another party while ensuring that there is no reduction or change in the proportionate ownership across the leases. 3. Trust Assignment: A trust assignment refers to the transfer of overriding royalty interests held in multiple leases by a trust to another beneficiary or entity, maintaining the same percentage ownership across all leases. Overall, the Montana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form provides a comprehensive legal framework for the transfer of these interests, ensuring that the assignee receives the same proportionate ownership as the assignor without any reduction across multiple leases in Montana.
