# Interest on past due checks

**URL:** https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635
**Category:** Royalty Statements
**Created:** [May 28, 2019, 10:03pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635 "2019-05-28T22:03:30Z")
**Posts on this page:** 7
**Page:** 1

<div class="post-metadata">

### Author: ![rollin\_stoner](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/f19dbf/32.png) [@rollin\_stoner](https://www.mineralrightsforum.com/u/rollin_stoner)
#### Post date: [May 28, 2019, 10:03pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/1 "2019-05-28T22:03:30Z")

</div>

Five years of royalty checks not paid out to me and my sister and brother. We are expecting a “fat” check soon. We were not considered proper heirs. Can we expect an added interest amount/%? Such as 3% or 9% or even higher, or do we need to realize that the oil company was not at fault primarily so they don’t need to add interest?

---

<div class="post-metadata">

### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [May 28, 2019, 10:19pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/2 "2019-05-28T22:19:03Z")

</div>

The rules depend upon which state your minerals are in.

---

<div class="post-metadata">

### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [May 29, 2019, 4:40pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/3 "2019-05-29T16:40:45Z")

</div>

Generally, a probate court’s order resolves issues regarding who is entitled to inherit.

---

<div class="post-metadata">

### Author: ![rollin\_stoner](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/f19dbf/32.png) [@rollin\_stoner](https://www.mineralrightsforum.com/u/rollin_stoner)
#### Post date: [May 29, 2019, 5:12pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/4 "2019-05-29T17:12:25Z")

</div>

Yes, quite true. A heirship was used by my cousin which was vulnerable to be misunderstood and it was especially since my dad’s wife disclaimed and then oil company was bought out and well never mind so yet anyways new oil co. suspends us and wants a probate done but then it has backed off that…and we are supplying a new heirship and a new disclaimer THEN we get our “fat” check…will they include a interest late add-on tho?

---

<div class="post-metadata">

### Author: ![Richard\_Winblad](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/richard_winblad/32/11511_2.png) [@Richard\_Winblad](https://www.mineralrightsforum.com/u/Richard_Winblad)
#### Post date: [May 29, 2019, 5:15pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/5 "2019-05-29T17:15:42Z")

</div>

You haven’t mentioned the state. For example, Oklahoma has a provision for interest but don’t assume that the companies will send it. You usually have to remind them.

---

<div class="post-metadata">

### Author: ![rollin\_stoner](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/r/f19dbf/32.png) [@rollin\_stoner](https://www.mineralrightsforum.com/u/rollin_stoner)
#### Post date: [May 29, 2019, 5:33pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/6 "2019-05-29T17:33:18Z")

</div>

North Dakota. Indeed I will be asking them about such a possibility. Though they are not at fault for the nonpayments of royalties primarily. They may have plenty of wiggle room to opt out or they may just be reasonable.

---

<div class="post-metadata">

### Author: ![MRFAdmin\_SV](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/m/e0b2c6/32.png) [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 7:10pm UTC](https://www.mineralrightsforum.com/t/interest-on-past-due-checks/46635/7 "2025-01-11T19:10:54Z")

</div>


