Q: Should I sell my interest
I have trust land and the tribes want to buy my interest and conveyance for something
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- Colorado
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- Answered
A:
Afternoon,
I think you need to get in touch with an attorney specializing in Indian law for your specific tribe. I used to work in oil and gas in a none legal capacity and know there are different levels of ownership within the tribe. I think it would depend if you are an owner, have a right to sell, and so on. If I recall, I think some tribes hold title to the land and pay out a royalty to the tribe members based on overall production. In otherwords, you may not be able to sell that interest because the tribe holds it.
If you are a private land owner and the land is located in Colorado, give me or another oil and gas attorney a call. There is nothing wrong with selling your land for something. You just need to make sure you do not get taken by the buyer.
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