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.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 5 - Mineral Resources Generally
Chapter 56 - Mineral Lands And Interests
Subchapter 3 - Leases Generally
§ 15-56-301. Multiple owner authority to lease mineral lands — Mineral defined
§ 15-56-302. Summons — Validity of lessee's title
§ 15-56-303. Parties in interest — Right to appear or intervene
§ 15-56-304. Petition to lease or operate — Parties defendant
§ 15-56-305. Receiver — Disposition of proceeds
§ 15-56-306. Reporting and approval of leases
§ 15-56-307. Sale of land or mineral rights — Lease unaffected
§ 15-56-308. Discharge of receiver — Accounting
§ 15-56-309. Execution of agreements subsequent to discharge of receiver
§ 15-56-310. In rem proceedings against unleased interest in minerals