Royalty Owners And The Duty To Discover

Law360, New York (April 13, 2012, 1:35 PM EDT) -- In 2011, the Texas Supreme Court issued three opinions in which the claims of royalty for mineral owners were barred by the statute of limitations.

These cases continue the general notion that the lessor/royalty owner is on notice of matters that could be discovered by a search of publicly available matters so that the statute of limitations starts to run when such material should have been discovered; this concept was broadened in HECI Exploration Co. v. Neel, et al., 982 S.W.2d 881 (Tex. 1998; corrected opinion...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.