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§ 903. Lessee duty to provide surrender document

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 58 P.S. Oil and GasEffective: December 22, 2014

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 58 P.S. Oil and Gas (Refs & Annos)
Chapter 14. Recording of Surrender Documents from Oil and Natural Gas Lease Act (Refs & Annos)
Effective: December 22, 2014
58 P.S. § 903
§ 903. Lessee duty to provide surrender document
Currentness
(a) General rule.--Not more than 30 days after the termination, expiration or cancellation of an oil or natural gas lease, the lessee shall deliver to the lessor, without cost to the lessor, a surrender document in recordable form.
(b) Duty of recorder of deeds.--A recorder of deeds who receives a surrender document that satisfies the requirements of this act shall record the surrender document.
(c) Applicability.--This section shall not apply if the lessee and lessor have expressed an interest in writing to each other of an intention to renew the oil or natural gas lease or to negotiate a new oil or natural gas lease.

Credits

2014, Oct. 22, P.L. 2526, No. 152, § 3, effective in 60 days [Dec. 22, 2014].
58 P.S. § 903, PA ST 58 P.S. § 903
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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