Absolutely! If circumstances shift or agreements change, a new division order can be drafted to reflect those updates.
The timeline can vary, but it often takes a few weeks. It's a good idea to get the ball rolling as soon as you think you need one.
If you have concerns, it's best to chat with an attorney or a professional in the field. They can help clear the air and ensure your interests are protected.
Not usually! Most companies require a signed division order before they start issuing those checks. It’s a necessary piece of the puzzle.
If you own property with mineral rights or receive royalty payments, chances are you'll need a division order to ensure your payments are accurate.
Typically, everyone who has an interest in the property or the resources needs to sign. This includes landowners and anyone with mineral rights.
A division order is a document that outlines how oil and gas royalties will be divided among the owners. In Georgia, it helps clarify who gets what share of the profits.