The New Hampshire Stipulation of Ownership of Mineral Interest in Specific Lands is a legal document that establishes the rightful ownership of mineral interests in specific lands located within the state of New Hampshire. This stipulation plays a crucial role in ensuring clarity and transparency regarding the ownership of mineral resources, such as oil, gas, coal, and other valuable substances, found within these lands. Keywords: New Hampshire, stipulation, ownership, mineral interest, specific lands, legal document, rightful ownership, mineral resources, oil, gas, coal, valuable substances, clarity, transparency. Types of New Hampshire Stipulation of Ownership of Mineral Interest in Specific Lands: 1. Individual Ownership Stipulation: This type of stipulation establishes the ownership of mineral interests in specific lands by an individual or a single person. It outlines the individual's exclusive rights and responsibilities related to the extraction, exploration, and leasing of mineral resources in the designated lands. 2. Joint Ownership Stipulation: A Joint Ownership Stipulation is entered into when multiple individuals or entities collectively own mineral interests in specific lands. This document defines the respective rights, obligations, and shares of each owner, including provisions for decision-making, profit-sharing, and environmental responsibilities. 3. Corporate Ownership Stipulation: In cases where mineral interests in specific lands are owned by a corporation or business entity, a Corporate Ownership Stipulation is used. This legal document outlines the authority and responsibilities of the corporation, including operational activities, land use permissions, and compliance with relevant regulations. 4. Government Ownership Stipulation: When mineral interests in specific lands are owned by the government, often for public use or strategic purposes, a Government Ownership Stipulation is employed. This stipulation establishes the government's rights and responsibilities related to the extraction, leasing, and management of mineral resources within the designated lands. Keywords: individual ownership, joint ownership, corporate ownership, government ownership, extraction, exploration, leasing, profit-sharing, environmental responsibilities, operational activities, land use permissions, compliance, public use, strategic purposes, management.
New Hampshire Stipulation of Ownership of Mineral Interest in Specific Lands
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Primary tabs. An undivided interest means that two or more persons have an interest in a property held under the same title. The undivided interest encompasses the whole property, and its holders have equal rights to the entire property. The undivided interest is not separated into parts or shares.
This is an estate or ownership in fee simple in and to the minerals. A conveyance or reservation of a mineral fee gives title to the minerals. The ownership of a mineral interest includes all ownership, including the right to execute oil, gas and mineral leases and the right to receive bonuses, rentals and royalties.
The ownership of rights to minerals, including oil and gas, contained in a tract of land. A mineral right is a real property interest and can be conveyed independently of the surface estate.
The term ?undivided interest? refers to a type of ownership in which multiple parties share ownership of a single asset without the property being physically divided among them. This is commonly seen in real estate, natural resource holdings, and certain types of financial investments.
Mineral Interest (MI) When the mineral rights are conveyed to another person or entity, they are ?severed? from the land, and a separate chain of title begins. When a person owns less than 100% of the minerals, they are said to own a fractional or undivided mineral interest.
