Ownership Changes
All requests for ownership changes and supporting documentation must be submitted in writing to the appropriate address indicated below. Listed in the left column of the table below are common situations affecting changes in ownership. The right column indicates documents that must be provided in order for the change to go in effect. Please note that there may be some differences in document requirements based upon laws or regulations in different legal jurisdictions.
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For properties located in Michigan, North Dakota, California, New Mexico, Wyoming, Kansas (except for Harper, Kingman, Meade, Phillips, Pratt and Reno Counties) and Texas (except for Lipscomb, Hansford, Hemphill, Ochiltree, Roberts and Wheeler Counties), please submit requests for changes to:
Linn Operating, Inc. |
For properties located in Oklahoma, certain counties in Kansas (Harper, Kingman, Meade, Phillips, Pratt and Reno), and certain counties in Texas (Lipscomb, Hansford, Hemphill, Ochiltree, Roberts and Wheeler), please submit requests for changes to:
Linn Operating, Inc. |
| Situation | Required Documentation |
|---|---|
| Sale of an interest | A copy of the document, filed of record in the county/parish in which the property is located, conveying the interest to the new owner. |
| Ownership change due to divorce | A copy of the complete Divorce Decree including Settlement Agreement and a copy of the document, filed of record in the county/parish in which the property is located, conveying the interest to the new owner. |
| Creation of Trust or Partnership | A copy of the Trust, Partnership Agreement, or Memorandum of same, and a copy of the document, filed of record in the county/parish in which the property is located, conveying the interest to the new owner. |
| Termination of Trust or Partnership | A copy of Dissolution of Trust or Partnership, or a copy of the document, filed of record in the county/parish in which the property is located, conveying the interest to the new owner. |
| Change in Trustee | A copy of the document or instrument appointing the successor Trustee filed of record in the county/parish in which the property is located. |
| Joint Tenancy and One Dies | A copy of the Death Certificate of the Joint Tenant. |
| Owner dies with a will (i.e., testate) and probate proceedings are conducted in the state in which the property is located. | A copy of the Death Certificate, Order Admitting Will to Probate, Letters Testamentary, Last Will and Testament of Decedent, evidence that debts and taxes have been paid, and Final Decree of Distribution or Judgment of Possession. |
| Owner dies with a will (i.e., testate) and probate proceedings are conducted in a state other than the state in which the property is located. | A copy of the Death Certificate, Order Admitting Will to Probate, Letters Testamentary, Last Will and Testament of Decedent, evidence that debts and taxes have been paid and Final Decree of Distribution or Judgment of Possession, documentation of ancillary probate proceedings opened in all affected states, or if ancillary probate proceedings will not be conducted, a copy of an Affidavit of Heirship recorded in the county or counties of the state in which the property is located. |
| Owner dies without a will (i.e., intestate). Note: Laws of Descent and Distribution will apply as appropriate. | A copy of the Death Certificate, Letters of Administration or Affidavit of Heirship. Affidavit of Heirship must be recorded in the county or counties of the state in which the property is located. |
| Chapter 11 Bankruptcy | A copy of the Plan of Reorganization or the Order Confirming the Plan of Reorganization. |
| Chapter 7 Bankruptcy | A copy of the recorded conveyance or Order Naming Trustee of Bankruptcy Estate. |
