Montana § 71-3-1606 Rights Of First Purchasers

Montana Statutes

§ 71-3-1606 — Rights Of First Purchasers

Montana·Title 71 MORTGAGES, PLEDGES, AND LIENS·Ch. 3 LIENS·Part 16 Oil and Gas Owners' Lien

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 .

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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 .

Montana § 71-3-1606 (Rights Of First Purchasers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.