Sec. 161.316. EFFECT OF FORFEITURE ON LEASES. On forfeiture, the full title to the land, including both surface and mineral estates, shall revest in the board, and the board shall recognize and continue in force and effect any outstanding valid oil, gas, or mineral lease and collect all rentals, royalties, or other amounts payable under the lease.
Acts 1977, 65th Leg., p. 2671, ch. 871, art. I, Sec. 1, eff. Sept. 1, 1977.
Structure Texas Statutes
Chapter 161 - Veterans Land Board
Section 161.311. Board Judge of Forfeiture
Section 161.312. Forfeiture by Board
Section 161.313. Correction of Reason for Forfeiture
Section 161.314. Time of Forfeiture
Section 161.315. Notice to County Clerk
Section 161.316. Effect of Forfeiture on Leases
Section 161.317. Reinstatement of Purchase
Section 161.318. Resale of Land
Section 161.319. Resale of Forfeited Land
Section 161.320. Late Payments; Default Interest Rate
Section 161.321. Vacating Premises
Section 161.322. Enforcement of Forfeiture and Protection of Rights