Arkansas § 18-28-401 Definitions

Arkansas Statutes

§ 18-28-401 — Definitions

Arkansas § 18-28-401

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This text of Arkansas § 18-28-401 (Definitions) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 18-28-401 (2026).

Text

As used in this subchapter:

(1)"Holder" means a person, wherever organized or domiciled, who is:

(A)In possession of property that belongs to another;

(B)A trustee; or (C) Indebted to another on an obligation;

(2)"Mineral" means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the substance is found; and (3) "Mineral proceeds" means all obligations:

(A)To pay resulting from the production and sale of minerals from this state; and (B) For the acquisition and retention of a mineral lease to produce minerals located in this state.

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As used in this subchapter: (1) "Holder" means a person, wherever organized or domiciled, who is: (A) In possession of property that belongs to another; (B) A trustee; or (C) Indebted to another on an obligation; (2) "Mineral" means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the substance is found; and (3) "Mineral proceeds" means all obligations: (A) To pay resulting from the production and sale of minerals from this state; and (B) For the acquisition and retention of a mineral lease to produce minerals located in this state.