RS 108 - Nature of executive and nonexecutive interests
An executive interest is a mineral right that includes an executive right. Nonexecutive interests are those that do not include the executive right, such as the mineral royalty, a landowner's interest in minerals the executive right to which has been granted to another, or a mineral servitude the executive right to which has been granted to another.
Acts 1974, No. 50, §108, eff. Jan. 1, 1975.