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§ 10.5-101. Definitions

West's Annotated Code of MarylandBusiness Occupations and ProfessionsEffective: June 1, 2013

West's Annotated Code of Maryland
Business Occupations and Professions
Title 10.5. Oil and Gas Land Professionals
Effective: June 1, 2013
MD Code, Business Occupations & Professions, § 10.5-101
§ 10.5-101. Definitions
Currentness
In general
(a) In this title the following words have the meanings indicated.
Land professional
(b)(1) “Land professional” means a person that, acting on the person's own behalf or on behalf of a prospective lessee or buyer, negotiates with a property owner for the acquisition of mineral rights in oil or gas in the State.
(2) “Land professional” does not include a person that negotiates for the acquisition or divestiture of a lessee's interest in an existing lease for mineral rights in oil or gas.
Mineral rights in oil or gas
(c)(1) “Mineral rights in oil or gas” means property rights that allow the holder of the rights to enter onto or under the property of another person for the extraction of crude oil, natural gas, or the constituents of crude oil or natural gas.
(2) “Mineral rights in oil or gas” includes an oil or gas lease.

Credits

Added by Acts 2013, c. 642, § 1, eff. June 1, 2013.
MD Code, Business Occupations & Professions, § 10.5-101, MD BUS OCCUP & PROF § 10.5-101
Current through legislation effective through May 8, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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