From Attorney General "Buddy" Caldwell:
FOR IMMEDIATE RELEASE
CONSUMER ALERT
MINERAL OWNERS MAY BE TARGETS OF MISLEADING INFORMATION
THAT CAN COST THEM THEIR MINERAL RIGHTS
(BATON ROUGE, LA)—The Louisiana Attorney General’s Office is warning
consumers about misleading documents that can cost mineral owners their mineral rights.
If you are a mineral owner and receive a letter in the mail, with a check included,
requesting that you sign a document that appears to be a mineral lease, you should be
extremely cautious because you may be permanently signing away valuable mineral
rights without realizing it.
The document you are asked to sign may actually be a mineral deed with a
general Power of Attorney. If you sign the document, the Power of Attorney might be
used to amend the document, after you sign it, to reflect that all mineral assets, even those
already in production, are turned over for very little money.
The Attorney General’s Consumer Protection Section urges any consumer who
receives such documents in the mail to check the offer out with an attorney before
signing anything.
This is just one example of the type of issue that can come up during a mineral
lease or sale transaction. The Attorney General encourages all property owners in
Louisiana to seek legal advice before signing any documents relating to the sale or lease
mineral rights.
If you believe you may be the victim of a mineral lease scam, please contact the
Attorney General’s Consumer Protection Hotline at 1-800-351-4889.
-END
No comments:
Post a Comment
Rules of the road:
1. No personal attacks or insults.
2. No accustory statements about wrongdoing or criminal acts against anyone.
3. Say all you want about the pros and cons concerning the candidates and the issues, or the general subject of the blog post, just follow Rule #1 and Rule #2.