The OK Corp Com has a MOEA section. MOEA says "Applicant must remit pooling bonuses to OCC either on their MOEA anniversary date or within one year of the pooling order". Not only is this gibberish, it is not what OK law says. THE MOEA ANNIVERSARY DATE is the ONE YEAR ANNIVERSARY OF THE POOLING ORDER. So an accurate reading is "Applicant must remit pooling bonuses to OCC either on their ONE YEAR anniversary date or WITHIN .ONE YEAR. That is not the law. The law says ONE YEAR and not WITHIN ONE YEAR. That is corruption and no one gets it.
Pooling bonuses are always paid to the owner of the minerals, unless that owner cannot be found. Typically, owners that fall into the unfound category are those that failed to take care of probates and properly pass title to the minerals. Most of the time all it takes is curative title action by the heirs of the lost owner who can then make claim to the money.
Pooling bonuses paid over to the OCC end up in the lost property fund administered by the state. Cure the title, and the state pays out the money being held. The state publishes a list of lost persons with money in the fund every fall in an attempt to match up the owners. So how is it "corruption" for the state to hold and safeguard the money while the title is being cured or the owner is found??
If your assertion is correct, then a class action lawsuit is appropriate. Tulsa has a local law school, and they are actively recruiting students. You could be prosecuting the case in as little as 2 1/2 years.
Mr. Siegrist is correct. If you think that something criminal is being committed then take it to the local D.A. and file a complaint. It appears that you lack an understanding of how the Oil & Gas business works. Seek the advice of an attorney in your area. Good luck.
Disclaimer: This answer does not constitute legal advice to establish an attorney client relationship. I am admitted in the states of Louisiana, Mississippi and the District of Columbia only. I make no attempt to issue opinions on matters of law that may be applicable to other jurisdictions other than to the states in which I am admitted to practice. Advice is based on general principles of law that may or may not relate to your specific situation in your specific jurisdiction and solely upon the written question presented. You should not rely on this advice alone. Nothing in these communications creates an attorney client relationship as each state that I am admitted has specific requirements for the establishment of an attorney client relationship. You should seek the advice of legal counsel in your respective jurisdiction for a more complete answer.
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