A Lesson in Property Stipulations
The Energy & the Law blog of Gray Reed & McGraw discusses a case that sums up what is required for an instrument to be a conveyance and what is required for a stipulation to be effective.
Ellison v. Three Rivers Acquisition involves land title issues that arose when a mineral development company discovered an apparent discrepancy in a land swap from almost 100 years ago. The developer asked the owner of a mineral lease on the land in question to sign a letter confirming acceptance of a boundary stipulation designed to resolve the discrepancy.
The article discusses the question of whether the boundary stipulation was a legal conveyance.
