Whenever any land in this state may hereafter be, or shall have heretofore been, devised by will or conveyed by grant to any person by any language which at common law would have vested in that person an estate in fee tail, then the person who at common law would have been invested with a fee tail estate in the lands and who under the provisions of § 18-12-301 is or shall be invested with a life estate therein is authorized and empowered to execute oil and gas leases on the land, in the manner set out in this subchapter.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 6 - Oil, Gas, and Brine
Chapter 73 - Oil And Gas Leases And Lease Interests
Subchapter 3 - Leases by Life Tenants
§ 15-73-301. Leases by persons invested with life estate
§ 15-73-302. Petition to lease by life tenant — Contents
§ 15-73-303. Hearing on lease execution
§ 15-73-304. Court determinations, orders, and appointments
§ 15-73-305. Court approval of lease and confirmation of sale
§ 15-73-307. Divestiture of contingent remaindermen's title
§ 15-73-308. Expiration, forfeiture, or cancellation of lease — New lease
§ 15-73-309. Binding conveyances by reversioner or remaindermen to life tenant or his or her lessee