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LAWDOG® Bankruptcy

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LAWDOG BANKRUPTCY DICTIONARY

Term Overriding Royalty


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Under 11 U.S.C. Section 101, the term:

(56A) ''term overriding royalty'' means an interest in liquid or gaseous hydrocarbons in place or to be produced from particular real property that entitles the owner thereof to a share of production, or the value thereof, for a term limited by time, quantity, or value realized;



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