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18-28-401. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
18-28-401. Definitions.
As used in this subchapter:
(1) “Holder” means a person, wherever organized or domiciled, who is:
(A) In possession of property that belongs to another;
(B) A trustee; or
(C) Indebted to another on an obligation;
(2) “Mineral” means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the substance is found; and
(3) “Mineral proceeds” means all obligations:
(A) To pay resulting from the production and sale of minerals from this state; and
(B) For the acquisition and retention of a mineral lease to produce minerals located in this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 18-28-401
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:18-28-401
Source file: gov.ar.code.title.18.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e916c215f53dd2c9be5e4df5f9bf7ff7c976e25529125475a6a2a007f698cdba
Source location: content.xml paragraph 7064
Stored source content
18-28-401. Definitions.
As used in this subchapter:
(1) “Holder” means a person, wherever organized or domiciled, who is:
(A) In possession of property that belongs to another;
(B) A trustee; or
(C) Indebted to another on an obligation;
(2) “Mineral” means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the substance is found; and
(3) “Mineral proceeds” means all obligations:
(A) To pay resulting from the production and sale of minerals from this state; and
(B) For the acquisition and retention of a mineral lease to produce minerals located in this state.
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