New Mexico Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that enables the release of a lien on a specifically assigned overriding royalty interest (ORRIS) in New Mexico. This document is crucial for individuals or entities involved in the oil and gas industry, particularly those who have assigned or granted their ORRIS to another party and wish to release a portion of the lien securing their interest. Keywords: New Mexico, Partial Release, Lien, Assigned, Overriding Royalty Interest Types of New Mexico Partial Release of Lien on Assigned Overriding Royalty Interest: 1. Individual Partial Release of Lien on Assigned Overriding Royalty Interest: This type of release is executed by an individual owner who has assigned a specific portion of their ORRIS and wishes to remove the lien on that assigned portion. 2. Corporate Partial Release of Lien on Assigned Overriding Royalty Interest: In case a corporation or company assigns a portion of its ORRIS, they may use this type of release to release the lien securing the assigned interest. 3. Partnership Partial Release of Lien on Assigned Overriding Royalty Interest: Partnerships in the oil and gas industry that have assigned an ORRIS can utilize this release form to release the lien on the assigned interest. The New Mexico Partial Release of Lien on Assigned Overriding Royalty Interest typically includes the following details: 1. Parties Involved: The release form will identify and provide contact information for both the assignor (party granting the ORRIS) and the assignee (party to whom the ORRIS is assigned). 2. Description of Assigned Interest: The document will outline the details of the assigned ORRIS, including the specific portion and any associated records or documents. 3. Lien Release: This section will state the intent to release the lien on the assigned overriding royalty interest in New Mexico and specify the portion being released. It may also include the effective date of the release. 4. Consideration: If any consideration (payment or other exchange) is involved in the release, it will be recorded in the document. 5. Signatures and Notarization: The release must contain signatures from both the assignor and assignee, along with a notary acknowledgment to ensure the document's legal validity. It is important to consult with legal professionals experienced in oil and gas matters to ensure the accuracy and compliance of the New Mexico Partial Release of Lien on Assigned Overriding Royalty Interest.
New Mexico Partial Release of Lien on Assigned Overriding Royalty Interest
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How to fill out New Mexico Partial Release Of Lien On Assigned Overriding Royalty Interest?
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