Sec. 63301.
The following words and terms as used in this part have the meaning ascribed to them in this section:
(a) "Mineral", when employed in a conveyance, includes every inorganic substance that can be extracted from the earth for profit whether it is solid, as rock, fire clay, the various metals, and coal, or fluid, as mineral waters. Mineral does not include oil or gas.
(b) "Person" means any natural person, corporation, association, partnership, receiver, trustee, judiciary or common law trust, guardian, executor, administrator, or fiduciary of any kind.
(c) "Royalty interest" means that share of the product or profit that the owner of the land or mineral rights in the land reserves or is entitled to, whether under a lease or under this part, in consideration of permitting the development of the mineral rights. Royalty interest does not include oil or gas or interests in oil or gas.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
Structure Michigan Compiled Laws
Chapter 324 - Natural Resources and Environmental Protection
Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)
Article III - Natural Resources Management (324.30101...324.83109)
451-1994-III-3 - Chapter 3 Management of Nonrenewable Resources (324.60101...324.64111)
451-1994-III-3-4 - Subchapter 4 Mineral Mining (324.63101...324.63714)
451-1994-III-3-4-633 - Part 633 Mining Authorization, Multiple Owners (324.63301...324.63306)
Section 324.63301 - Definitions.
Section 324.63302 - Exploration of Certain Lands for Mining Purposes.
Section 324.63303 - Decree of Court to Lease Land; Complaint.
Section 324.63304 - Decree of Court; Distribution of Proceeds.
Section 324.63305 - Deposit With Clerk of Court When Defendant Is Unknown.