what is meant by exexcutive owner of property in relating to mineral rights

Asked August 15, 2013, 7:46 PM EDT

what is meant by exexcutive owner of property in relating to mineral rights

Kendall County Texas

2 Responses

I am not a lawyer, so I went and asked one of the lawyers in our Dept for a practical definition, I hope this is what you were looking for. In the most broad sense, an executive right is the right to take or authorize all actions that affect the exploration and development of the mineral estate. Most frequently the executive right refers to the right to negotiate and execute mineral leases.

thank you so much.it was very helpful,thanks again.