71-3-1606. Rights of first purchasers. (1) The following are not affected by the provisions of this part or the filing of any instrument permitted under this part:
(a) transfer of the legal title to oil or gas from an interest owner or operator to a first purchaser;
(b) ownership of oil or gas before the oil or gas is severed, as reflected by records affecting real property; or
(c) the right of a first purchaser to take or receive oil or gas under the terms of a division order or a similar agreement for the sale and purchase of oil or gas.
(2) A first purchaser or purchaser is free to transport oil or gas products out of the state or to sell oil or gas products without permission or release of a lien perfected under 71-3-1605.
History: En. Sec. 6, Ch. 367, L. 2009.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
Part 16. Oil and Gas Owners' Lien
71-3-1603. Extent of lien -- dispute resolution -- notice -- buyer in ordinary course of business
71-3-1604. Validity of lien -- transferability
71-3-1605. Perfection of lien -- verified notice -- effect of instruments -- effective date