124.002 – COMPULSORY DIVESTMENT PROHIBITED. In a suit or
Texas Property Code § 124.002
Summary
This law prevents courts from forcing the sale or partition of mineral interests held by charitable trusts unless the trust has declined a fair mineral lease offer. It protects the ownership rights of charitable trusts in mineral interests, ensuring they are not unjustly divested. Attorneys representing such trusts can use this statute to defend against compulsory divestment actions.
Prohibits compulsory divestment of mineral interests from charitable trusts.
Divestment can only occur if the trust refuses a fair lease offer.
Protects charitable trusts' ownership rights in mineral interests.
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In simple terms: Learn about Texas's COMPULSORY DIVESTMENT PROHIBITED. In a suit or law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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