BUSINESS ENTITIES
Agency • Oil and Gas Exploration • Royalty Payments
Red Run Mountain, Inc. v. Earth Energy Consultants, LLC, PICS Case No. 15-1451 (C.P. Lycoming June 18, 2015) Gray, J. (19 pages).
The president of a three-shareholder closed corporation had both statutory, as well as inherent/implied/apparent authority and agency by estoppel to execute an oil and gas exploration contract and royalty agreement on behalf of the corporation. Summary judgment granted.
September 29, 2015 at 12:00 AM
1 minute read
BUSINESS ENTITIES
Agency • Oil and Gas Exploration • Royalty Payments
Red Run Mountain, Inc. v. Earth Energy Consultants, LLC, PICS Case No. 15-1451 (C.P. Lycoming June 18, 2015) Gray, J. (19 pages).
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