The order of the court fixing the proportionate part of the minerals allowed to the life tenant as compensation for damages, and the order confirming the execution of the lease, shall operate to:
(1) Work a divestiture of title of the contingent remaindermen, and each of them, in and to the proportionate part of the minerals allowed to the life tenant, absolutely, and in and to the leasehold estate insofar as the interest is conveyed by the lease; and
(2) Free the respective interests of any limitations, restrictions, or conditions imposed by the original will or deed.
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