Sec. 75.001. DEFINITIONS; APPLICATION OF CHAPTER. (a) In this chapter: (1) "Mineral" means oil, gas, uranium, sulphur, lignite, coal, and any other substance that is ordinarily and naturally considered a mineral in this state, regardless of the depth at which the oil, gas, uranium, sulphur, lignite, coal, or other substance is found. (2) "Mineral proceeds" includes: (A) all obligations to pay resulting from the production and sale of minerals, including net revenue interests, royalties, overriding royalties, production payments, and joint operating agreements; and (B) all obligations for the acquisition and retention of a mineral lease, including bonuses, delay rentals, shut-in royalties, and minimum royalties. (3) "Holder" means a person, wherever organized or domiciled, who is: (A) in possession of property that belongs to another; (B) a trustee; or (C) indebted to another on an obligation. (b) This chapter applies to mineral proceeds and the owner's underlying right to receive those mineral proceeds if: (1) the owner's underlying right to receive mineral proceeds is related to land located in this state; (2) the mineral proceeds result from the production of minerals located in this state; or (3) the mineral proceeds are an obligation for the acquisition or retention of a mineral lease to produce minerals located in this state. (c) A holder of property presumed abandoned under this chapter is subject to the procedures of Chapter 74 . (d) This chapter supplements other chapters in this title, and each chapter shall be followed to the extent applicable.
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