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42 chapters · 1,615 sections in this title.
Ark. Code Ann. § 15-72-1106 Rights of purchasers
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(a) A purchaser takes free of an oil and gas lien otherwise applicable to the oil or gas purchased and is relieved of an obligation to hold revenue or proceeds from the sale of production for the benefit of the owners legally entitled to the revenue or proceeds from the sale of p…
Ark. Code Ann. § 15-72-1107 Priority relative to other liens or security interests
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Except for a permitted lien, an oil and gas lien is a lien that takes priority over any other lien, whether arising by contract, law, equity or otherwise, or security interest.
Ark. Code Ann. § 15-72-1108 Legal title
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(1) This subchapter does not affect:(1) The time at which legal title to oil and gas may pass by agreement or operation of law subject to an oil and gas lien;(2) The right of a first purchaser to take or receive oil and gas under the terms of a lease, provided that the lease shal…
Ark. Code Ann. § 15-72-1109 Waiver
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(a) An interest owner is not required, as a condition or term of an agreement to sell or otherwise, to:(1) Waive, relinquish, or release an oil and gas lien or a right under this subchapter other than upon payment in full of the sales price; or(2) Agree to a provision that would …