Assembly Bill A722

2013-2014 Legislative Session

Relates to signatures required on oil, gas or mineral leases

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-A722 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
General Obligations Law
Laws Affected:
Amd ยง5-333, Gen Ob L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8299
2015-2016: A767
2017-2018: A4062

2013-A722 (ACTIVE) - Summary

Provides that any oil, gas or mineral land lease given on land owned by tenants in common, joint tenants or tenants by the entirety shall be signed by each such tenant owning an interest in the subject land as of the date the lease is to be signed; any lease which contains less than every signature of such tenants shall be void and unenforceable.

2013-A722 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   722

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  M.  of  A. ROSENTHAL, JAFFEE, MILLER, TITONE, ROBERTS --
  Multi-Sponsored by -- M.  of A. BOYLAND, GLICK, GOTTFRIED,  JACOBS  --
  read once and referred to the Committee on Judiciary

AN  ACT  to amend the general obligations law, in relation to signatures
  required on oil, gas or mineral leases

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subdivision 5 of section 5-333 of the general obligations
law is renumbered subdivision 5-a and a new subdivision 5  is  added  to
read as follows:
  5.  NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION TO THE CONTRARY,
ANY OIL, GAS OR MINERAL LEASE CONCERNING  OIL,  GAS  OR  MINERAL  RIGHTS
OWNED  BY  TENANTS  IN  COMMON, JOINT TENANTS OR TENANTS BY THE ENTIRETY
SHALL BE SIGNED BY EACH SUCH TENANT OWNING AN INTEREST  IN  THE  SUBJECT
LAND  OR  RIGHTS  AS  OF  THE  DATE THE LEASE IS SIGNED. ANY LEASE WHICH
CONTAINS LESS THAN EVERY SIGNATURE OF ALL SUCH TENANTS SHALL BE VOID AND
UNENFORCEABLE IN ITS ENTIRETY AS TO ANY SURFACE  RIGHTS,  AND  VOID  AND
UNENFORCEABLE  AS  TO  ANY SUB-SURFACE INTEREST OF ANY CO-TENANT WHO HAS
NOT SIGNED A LEASE. NO RATIFICATION OF  ANY  LEASE  SHALL  BE  EFFECTIVE
UNLESS  IT  CONTAINS  THE NOTICE OF CANCELLATION PROVISIONS SET FORTH IN
SUBDIVISION 5-A OF THIS SECTION.
  S 2. Subdivision 6 of section 5-333 of the general obligations law, as
added by chapter 386 of the laws of 2005, is amended to read as follows:
  6. The provisions of subdivisions one, two, three  and  four  of  this
section  shall  apply  to leases entered into on or after January first,
nineteen hundred eighty-five [and], the provisions of subdivision [five]
FIVE-A of this section shall apply to leases entered into  on  or  after
January  first,  two thousand six AND THE PROVISIONS OF SUBDIVISION FIVE
OF THIS SECTION SHALL APPLY TO LEASES  ENTERED  INTO  ON  OR  AFTER  THE
EFFECTIVE DATE OF SUBDIVISION FIVE OF THIS SECTION.
  S  3.  This  act shall take effect on the thirtieth day after it shall
have become a law.

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