South Dakota Memorandum of Exploration Agreement and Notice of Preferential Purchase Right

State:
Multi-State
Control #:
US-OG-649
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a Memorandum to give notice of the existence of an unrecorded Exploration Agreement between parties. The Agreement grants each Party a preferential right to purchase the other Party's interest in the lands and leases comprising the Prospect on the occurrence of certain events.

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FAQ

In South Dakota, all misdemeanors carry a lengthy seven-year statute of limitations. Most felonies also have a seven-year statute of limitations. Class A, B, and C felonies do not have any statute of limitations.

Unless you specify otherwise, generally the agent's authority will continue until you die or revoke the power of attorney or the agent resigns or is unable to act for you. Your agent is entitled to reasonable compensation unless you state otherwise in the Special Instructions.

Steps for Making a Financial Power of Attorney in South Dakota Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent or Attorney-in-Fact. ... File a Copy With the Land Records Office.

59-12-4. Execution of power of attorney. A power of attorney shall be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.

The principal must create a written revocation notice. This document should include the principal's name, the agent's name, and the date the original POA was executed. This document must be signed and dated by the principal. The principal should then deliver this revocation notice to the agent.

Pursuant to SDCL 21-64-2, no person may use any aspect of a personality's right of publicity for a commercial purpose during the personality's lifetime or for seventy years after the death of the personality without the express written consent of the personality, or if the personality is deceased without the express ...

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South Dakota Memorandum of Exploration Agreement and Notice of Preferential Purchase Right