2014 Senate Bill 1048

Exempt alienated subsurface mineral rights from foreclosure

Introduced in the Senate

Sept. 10, 2014

Introduced by Sen. Darwin Booher (R-35)

To establish that sub-surface oil and gas rights and royalties that have been sold or leased-out by a property owner (or previous owner) and properly recorded by the local office of deeds are not subject to a residential mortgage foreclosure.

Referred to the Committee on Banking and Financial Institutions