In June 2022, the U.S. Securities and Exchange Commission (SEC) filed its first complaint alleging violations of both the care and compliance obligations of Regulation Best Interest, or.
The Court of Appeals cited the Ohio Supreme Court opinion of Gerrity v. Chervenak, which held that a surface owner must exercise reasonable diligence when searching for mineral holders, and failure to use reasonable diligence precludes application of the DMA.
The Court of Appeals cited the Ohio Supreme Court opinion of Gerrity v. Chervenak, which held that a surface owner must exercise reasonable diligence when searching for mineral holders, and failure to use reasonable diligence precludes application of the DMA.