North Dakota § 38-17-06 Acknowledgment of advance royalty provision required

North Dakota Statutes

§ 38-17-06 — Acknowledgment of advance royalty provision required

North Dakota·Title 38 Mining and Gas and Oil Production·Ch. 38-17 Coal Leasing Practices Act

All advance royalty provisions contained in coal leases executed after April 9, 1975, must be
specially explained to the lessor before the lessor executes the lease. The lessor shall execute
an acknowledgment indicating the lessor's knowledge of the presence of the advance royalty
provision or the advance royalty provision is void. The acknowledgment must be printed on the
lease document in print which is larger than any other print on the document, and it must refer
the lessor to the exact provision of the lease which permits advance royalty.

An example of the type of acknowledgment required by this section is as follows: THE
LESSOR HEREBY ACKNOWLEDGES THAT THE LESSOR IS AWARE OF SECTION ______
OF THIS LEASE RELATING TO ADVANCE ROYALTIES.

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All advance royalty provisions contained in coal leases executed after April 9, 1975, must be
specially explained to the lessor before the lessor executes the lease. The lessor shall execute
an acknowledgment indicating the lessor's knowledge of the presence of the advance royalty
provision or the advance royalty provision is void. The acknowledgment must be printed on the
lease document in print which is larger than any other print on the document, and it must refer
the lessor to the exact provision of the lease which permits advance royalty.

An example of the type of acknowledgment required by this section is as follows: THE
LESSOR HEREBY ACKNOWLEDGES THAT THE LESSOR IS AWARE OF SECTION ______
OF THIS LEASE RELATING TO ADVANCE ROYALTIES.

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