Wisconsin Assignment of Operating Rights Interests

State:
Multi-State
Control #:
US-OG-517
Format:
Word; 
Rich Text
Instant download

Description

This form provides for assignments of operating rights interests in oil, gas or mineral dealings.

How to fill out Assignment Of Operating Rights Interests?

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FAQ

The record title interest includes the obligation to pay rent and the rights to assign and relinquish the lease. [1] The operating rights interest authorizes the holder to drill for and conduct operations and produce the leased substances.

943.14 Criminal trespass to dwellings. Whoever intentionally enters the dwelling of another without the consent of some person lawfully upon the premises, under circumstances tending to create or provoke a breach of the peace, is guilty of a Class A misdemeanor.

An action of adverse possession or "quiet title" is referred to as a declaration of interest in real property. This legal action is a correction to clarify existing property interests and is exempt from a transfer fee under state law (sec. 77.25(3), Wis. Stats.)

703.17 Insurance. (1) An association shall obtain insurance for the property against loss or damage by fire and such other hazards for not less than full replacement value of the property insured and a liability policy covering all claims commonly insured against.

If there are 2 vacancies in the town board, the remaining supervisors, the town clerk, and the town treasurer shall appoint an individual to fill one vacancy and the remaining supervisors, including the appointee, and the town clerk shall appoint an individual to fill the other vacancy. 17.25(1)(a)2.

How to Dissolve an HOA in Wisconsin. The process for dissolution of an HOA in Wisconsin may be set forth in the HOA's governing documents. If not listed, a majority vote of ? or more by members of the HOA is required to move forward with the dissolution.

(1) No person may require or accept an operator's license, chauffeur's license, occupational license, instructional permit or any other license or permit issued under this chapter as security. (2) Any person violating this section may be required to forfeit not less than $20 nor more than $100.

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Wisconsin Assignment of Operating Rights Interests