93-13-215 - Royalties, etc. due ward under oil, gas and mineral lease.
§ 93-13-215. Royalties, etc. due ward under oil, gas and 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 two hundred fifty dollars ($250.00) as accrued or impounded runs of production under an oil, gas and mineral lease producing any such mineral, or as royalties, including shut-in gas royalties, overriding royalties, or other payments out of production accrued to such ward under a lease producing oil, gas and minerals, such payment may be made by the individual or company holding the same as provided in Section 93-13-213 dealing with payment of delay rentals. Said individual or company may continue paying such funds in like manner on a monthly basis or on such terms as provided in the lease or instrument creating the ward's interest so long as the said payments do not exceed twenty-five dollars ($25.00) per month, or an average of such amounts if payments are made on other than a monthly basis.
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.