Walla Walla Oil, Gas & Pipe Line Co. v. Vallentine

Citations

• 103 Wash. 359
• 174 P. 980
• 1918 Wash. LEXIS 1250

Syllabus

<p>Frauds, Statute of — Conveyance oe Real Estate — On, and Gas Lease. An oil and gas “lease” permitting the licensee to search and dig for oil and gas and appropriate the same upon payment of a royalty, creates only an incorporeal hereditament or chattel interest, in no manner proscribed hy the rules against conveyances or incumbrances of real estate except hy writing; hence the real beneficiaries may he shown hy parol.</p> <p>Corporations — Representation by Officers — Notice—Bona Fide Purchaser. A corporation taking oil and gas leases from its officers who had full notice of adverse rights of third persons is not an innocent purchaser.</p>