58 Pa. Stat. § 903

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 903 - Lessee duty to provide surrender document
(a)General rule.--Not more than 30 days after the termination, expiration or cancellation of an oil or natural gas lease, the lessee shall deliver to the lessor, without cost to the lessor, a surrender document in recordable form.
(b)Duty of recorder of deeds.--A recorder of deeds who receives a surrender document that satisfies the requirements of this act shall record the surrender document.
(c) Applicability.--This section shall not apply if the lessee and lessor have expressed an interest in writing to each other of an intention to renew the oil or natural gas lease or to negotiate a new oil or natural gas lease.

58 P.S. § 903

Added by P.L. TBD 2014 No. 152, § 3, eff. 12/21/2014.