Arkansas § 15-73-407 - Procedure — Evidence authorizing lease.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-73-407 — Procedure — Evidence authorizing lease., with citation guidance and answers to common questions.
§ 15-73-407. Procedure — Evidence authorizing lease.
Insofar as § 18-60-401 et seq., relating to the partition of land, is not in conflict with this subchapter, those sections shall apply to the partition of interests in oil and gas leasehold rights on, in, and under lands. However, it shall not be necessary for the circuit court to find that the interests are not susceptible to partition in kind before it shall order the execution of any such oil and gas lease, but it shall be sufficient to justify the execution of the oil and gas lease on and covering the land that the evidence shows: That it is desirable for the property to be developed as a unit for oil and gas; and That the value of the interest owned by each of the parties would be more if the property were developed and operated as a unit than if divided.
Frequently Asked Questions About Arkansas § 15-73-407
What does Arkansas Code of 1987 Annotated § 15-73-407 cover?
Section 15-73-407 ("Procedure — Evidence authorizing lease.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 15-73-407?
A common citation format is "Arkansas Code of 1987 Annotated § 15-73-407" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 15-73-407 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.