Tex. Nat. Res. Code § 91.407 · Subchapter J. PAYMENT FOR PROCEEDS OF SALE
NOTICE OF CHANGE OF PAYOR.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Following a change in payor, the new payor shall give written notice to each payee to whom the payor is responsible for distributing oil or gas proceeds. The notice must be given to the payee or the payee's designee at the payee's or designee's most recent known address.
(b) Upon receipt of payee's address from the operator or lessee, the payor must provide the notice within the time permitted for payment of proceeds and in accordance with the conditions for payment provided by Section 91.402. The notice must include:
(1) the information required by Sections 91.502(1), (2), and (12) and Section 91.503; and
(2) the payor's telephone number.
(c) The notice may be given by any writing, including a division order, check stub, or attachment to a payment form.
(d) A payor that is obligated to pay interest to a payee under Section 91.403 and that does not give the payee a notice required by this section is liable to the payee for interest under that section at a rate that is two percent more than the rate provided by that section.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 1432, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.91.htm
- Text hash
- sha256 1ea44996e55bf363c15fd80d74c4538a755297f07c45e76121fd13042b447971
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Natural Resources Code
- Tex. Nat. Res. Code § 91.402TIME FOR PAYMENT OF PROCEEDS.Printed as Section 91.402
- Tex. Nat. Res. Code § 91.403PAYMENT OF INTEREST ON LATE PAYMENTS.Printed as Section 91.403
- Tex. Nat. Res. Code § 91.502TYPES OF INFORMATION PROVIDED.Printed as Sections 91.502(1)
- Tex. Nat. Res. Code § 91.503LEASE, PROPERTY, OR WELL DESCRIPTION.Printed as Section 91.503
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.