Hello everyone, you guys have been so helpful, thank you! Now, in Texas, if my grandfather’s company was closed by the state after 50 years. Does my family still own the mineral rights? Thank you-Kathi
We would probably need more information. But, if we assume its a corporation, then the heirs of your grandfather own the stock (or ownership) of the dissolved corporation. Once a few hurdles are complied with, a new president and officers could be elected. Then the corporation could keep the property or deed the property to the heirs.