Upon any lease or contract being executed by the receiver appointed by the circuit court as provided in this subchapter, and upon the lease or contract's being reported, and approved by the court, and all considerations, if any, being accounted for by the receiver, with any money left in the hands of the receiver being paid into the registry of the court, the receiver shall be discharged, and the lessee or assigns shall thereafter account to the respective owners for all royalties arising or accruing under the term of the lease or contract, with payment to be made by the lessee or operator for any unknown persons into the registry of the court as the interest of the persons may appear.
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