In June of 2020, the Supreme Court of Ohio held in LRC Realty, Inc. v. B.E.B. Properties, Slip Opinion No. 2020-Ohio-3196 that absent an express reservation, the right to receive rental payments runs with the land and follows legal title. A brief recitation of the facts in LRC Realty, Inc. follow herein. In 1994, B.E.B. […]
Continue reading…Case Study / Extinguishment of Oil and Gas Interests Under the Ohio Marketable Title Act
The Marketable Title Act In 2016 the Ohio Supreme Court held in Corban v. Chesapeake Exploration, LLC (2016-Ohio-5796) that the 1989 Dormant Mineral Act (“DMA”) (O.R.C. § 5301.56) was not a self-executing statue. Since then surface owners have been turning to the Ohio Marketable Title Act (“MTA”) (O.R.C. § 5301.47-5301.56) as an alternative option to […]
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