mineral rights

mineral rights
n.
The right to take minerals out of a particular piece of land.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


mineral rights
An ownership interest in the minerals contained in a particular parcel of land, with or without ownership of the surface of the land. The owner of mineral rights is usually entitled to either take the minerals from the land or receive a royalty from the party that actually extracts the minerals.
Category: Business, LLCs & Corporations
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.


mineral rights
n. A right to take minerals from land or to receive payment from the excavation of such minerals.

Webster's New World Law Dictionary. . 2000.

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