Ok, I still don't understand. If you own mineral rights then they aren't federal, as near as I can see. If you are talking about leasing federal acres so you would own the lease on them, that would be a different story. If you personally own the mineral acres they are private property and not federal and I think what the lawyers wrote would not apply. I would want a second opinion from a different law firm.
vittorio nicosia said:
this is directly from what the lawyers sent...
Foreign citizens may not directly own an interest in federal oil and gas leases. However, pursuant to 43 C.F.R. ยง 3102.2, foreign citizens may own federal leasehold interests by holding stock in an entity, such as a corporation, which, in turn, owns the leasehold interests.
r w kennedy said:Could you tell me what law that would be that says foreigners can't own mineral rights in the US ? I would not believe in that law until I read it for myself.
vittorio nicosia said:I have a similar situation as the above writer but mine is dictated by a federal law that requires the owner of mineral rights to be US Citizens. My wife is not.
My rights are in two states, CO and WY, which makes it even more difficult and to top off the sundae, we live in Europe.
A Wyoming law firm told me after extensive research (and a whole lot of dollars paid to them) that we had to form a LLC to hold the rights so that she and her children could own them, through the LLC, after I die.
Any comments from the experts on this forum as to the validity of this opinion?