Cross Timbers Royalty Trust is an express trust. Simmons Bank (the Trustee) is the Trustee of the Trust. Under five separate conveyances, the company holds profits interests which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and nonparticipating royalty interests in nonproducing properties located primarily in Texas and Oklahoma, and profits interests which are carved from working interests in properties in Texas and Oklahoma.
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