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The Executive Right To Lease Mineral Real Property In Texas Before And After Lesley V. Veterans Land Board, Chris S. Kulander Ph.D.
The Executive Right To Lease Mineral Real Property In Texas Before And After Lesley V. Veterans Land Board, Chris S. Kulander Ph.D.
Chris S Kulander Ph.D.
The executive right to lease have been recognized by Texas courts as the exclusive right to execute oil and gas leases and is considered a real property right. Where the executive right is owned by one party and the other components of the mineral estate are owned by another, the first party owes the second a duty of “utmost good faith and fair dealing.”
The case of Betty Yvon Lesley, et al. v. Veterans Land Board of the State of Texas, et al. presented to the Texas Supreme Court a case in which the exclusive nature of leasing or development …