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15-56-307. Sale of land or mineral rights — Lease unaffected.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-56-307. Sale of land or mineral rights — Lease unaffected.
The lease executed by the receiver under the approval of the court as provided in § 15-56-306 shall not terminate with the sale of the lands or mineral interests therein, thereon, or thereunder. Any person purchasing or holding thereafter shall take the land or mineral rights subject to the lease executed by the receiver pursuant to § 15-56-306.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-56-307
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-56-307
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 88a842b7c995c230b172ffe4eefa58dd010f74498299e422e8b5ff4af9e63593
Source location: content.xml paragraph 21076
Stored source content
15-56-307. Sale of land or mineral rights — Lease unaffected.
The lease executed by the receiver under the approval of the court as provided in § 15-56-306 shall not terminate with the sale of the lands or mineral interests therein, thereon, or thereunder. Any person purchasing or holding thereafter shall take the land or mineral rights subject to the lease executed by the receiver pursuant to § 15-56-306.
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Arkansas Code — all titles (historical 2020) · legal_authorities
15-56-306. Reporting and approval of leases.
(a) A lease executed by a receiver, when acknowledged and delivered, shall be binding on all parties subject only to approval or rejection by the court as herein provided.
(b) Not later than thirty (30) days after making the lease, the receiver shall report the making of the lease to the court. If it shall appear to the court that the consideration for the lease was fair and equitable at the time the consideration was made, the court shall approve the consideration and the lease shall be binding as though executed by the various owners and their spouses.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-56-306
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 15-56-306. This identifies an authority to review, not proof of applicability.