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<blockquote data-quote="db-2" data-source="post: 396744" data-attributes="member: 4743"><p>Yes, i have dealt with this in my profession life and in my dealing with it seldom gets recorded therefor the mess. I have seen mineral rights, which are not real property, have little consideration by those who inherit them. Most have no idea how this works and a lot of estates are settled without an attorney being involve or at least not involve with mineral rights.</p><p></p><p>However.</p><p></p><p>My concern was government entities owning mineral rights as they felt they deserve them for some reason to benefit them and not the citizens. Why did FLB keep 50% back in those days. Maybe the loan was not paid in full, so they felt the right to keep for their value someday. It's getting close to 100 years now and FLB went broke during this time and was bail out by FDIC funds. So, what do they plan to do with those rights?</p><p></p><p>Some never fought it as their only concern was surface rights for farming/ranching with little thought about worthless mineral rights at that time to them. db</p></blockquote><p></p>
[QUOTE="db-2, post: 396744, member: 4743"] Yes, i have dealt with this in my profession life and in my dealing with it seldom gets recorded therefor the mess. I have seen mineral rights, which are not real property, have little consideration by those who inherit them. Most have no idea how this works and a lot of estates are settled without an attorney being involve or at least not involve with mineral rights. However. My concern was government entities owning mineral rights as they felt they deserve them for some reason to benefit them and not the citizens. Why did FLB keep 50% back in those days. Maybe the loan was not paid in full, so they felt the right to keep for their value someday. It's getting close to 100 years now and FLB went broke during this time and was bail out by FDIC funds. So, what do they plan to do with those rights? Some never fought it as their only concern was surface rights for farming/ranching with little thought about worthless mineral rights at that time to them. db [/QUOTE]
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