Sec. 1. As used in this chapter, “mineral interest” means the interest that is created by an instrument that transfers, by:

(1) grant;

Need help reviewing a real estate contract?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

(2) assignment;

(3) reservation; or

(4) otherwise;

an interest of any kind in coal, oil and gas, and other minerals.

[Pre-2002 Recodification Citation: 32-5-11-2.]

As added by P.L.2-2002, SEC.8.