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Politics : Politics for Pros- moderated

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To: D. Long who wrote (739266)	1/27/2021 4:46:05 AM
From: Maple MAGA	Read Replies (2) of 793970

We received an offer to lease last year that we rejected and countered. This mineral interest is held for us by a trust company. 30 days later we receive a letter from the trust company saying our counter was rejected, unless a new counter is made within 30 days the initial offer would prevail. I had a lawyer write a letter to the trust company to advise if any initial offer prevailed we would prevail with a lawsuit holding the trust agent personally responsible. This trust company holds mineral interest for hundreds of companies, estates and individuals and has probably entered into leases with bad terms 100s of times. Land company agents are always taking them out for lunch and advising them on how to deal with tough mineral owners. When a lease produces they charge exorbitant fees to distribute the trust funds even though the original trust document state they’re not supposed to charge more than $0.25 per distribution. The trust company over 60 years went from humble-servant to bureaucratic-monster.

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