93-13-213 - Delay rental due ward under oil, gas, mineral lease.
§ 93-13-213. Delay rental due ward under oil, gas, mineral lease.
When there is due and payable to a ward who has no guardian of his estate duly appointed and qualified pursuant to the statutes of this state a sum not to exceed fifty dollars ($50.00) in any one (1) year as delay rental under any oil and gas or oil, gas and mineral lease, such payment may be made directly to the ward if he is above the age of twelve (12) years, or in any case it may be made to the father and mother or to the surviving parent of such ward for his use and benefit without the payment of same into the chancery court as provided in the Section 93-13-211.
In lieu of making payment directly to said ward or to his designated representatives as above provided, the same may be made to the depository named in any such lease or to any successor depository thereunder in the manner provided for in such lease for the account of said ward or his representatives as above specified.
A payment of delay rental to a ward made as herein provided shall be good and valid in law and shall discharge the party or parties owing and paying such rental from all liability therefor to such ward.
Any successor depository under a lease may be paid out by the depository directly to said ward if above the age of twelve (12) years, or in any event may be paid to the parents or to the surviving parent of the ward for his use and benefit without complying with Section 93-13-211, and the payment so made shall discharge and acquit the depository of its obligation to the ward for such rental.
Sources: Codes, 1880, § 2073; 1892, § 1958; 1906, § 2132; Hemingway's 1917, § 1800; 1930, § 1911; 1942, § 448; Laws, 1918, ch. 126; Laws, 1938, ch. 272; Laws, 1944, ch. 308, § 1; Laws, 1956, ch. 211; Laws, 1962, ch. 275; Laws, 1964, ch. 292; Laws, 1972, ch. 408, § 19, eff from and after July 1, 1972.