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Frequently Asked Questions (FAQs)
How Do I authorize Mustang to communicate with someone other than myself regarding detailed account information?
We must have a letter from the original Owner stating the Name, Address, Telephone and Email Address of the person to be given account access. Any and all such letters must have a signature to be effective.
When will checks be mailed and/or direct deposited this month?
We currently make every effort to mail and/or direct deposit checks as follows:
Mustang Gas Products LLC:
Ringwood system 20 th of the month following production
Rodman, Dover-Hennessey & Binger systems 25 th of the month following production
Mustang Fuel Corporation 25 th of the 2 nd month following production
Mustang Fuel Marketing Company last day of the month following production
If these dates fall on a holiday or weekend, payments will be made on the next business day.
Can you withhold federal and/or state tax on my behalf?
We only withhold federal and/or state tax when it is either requested by the particular state or at the instruction of the IRS. We do not voluntarily withhold funds related to taxes.
If I need to contact you by phone or e-mail, what information would be helpful to process my inquiry?
Your payee or owner number would be very helpful.
Change of Ownership Information
Listed below are some common situations that result in either a change of ownership or a change to owner status. The right column describes the document(s) required to effect the change. (There may be some differences in the requirements due to laws in particular states.) All changes must be submitted in writing to:
Mustang Fuel Corporation
13439 Broadway Extension
Oklahoma City , OK 73114-2202
Attn: Division Order Department
SITUATION |
A COPY OF THE FOLLOWING DOCUMENTATION IS REQUIRED |
ADDRESS OR BANK CHANGE |
Submit change request in writing with your signature |
NAME CHANGE |
An individual’s name changes due to marriage, divorce, etc. |
Marriage Certificate, Divorce Decree reinstating maiden name or other document affecting name change |
Company or corporation changes its name |
Certificate of Name Change including Tax ID |
Company or corporation’s name changes due to a merger |
Certificate of Merger including Tax ID |
Appointment of Attorney-In-Fact |
Copy of Power of Attorney |
SALE OF AN INTEREST |
Conveyance document describing the land being conveyed, filed of record in the county or parish in which the property is located. Provide name, address and Tax ID number of new owner |
CHANGE IN OWNERSHIP DUE TO DIVORCE |
Complete Divorce Decree including Settlement Agreement, recorded conveyances (if appropriate) |
TRUSTS / PARTNERSHIPS |
Trust or Partnership is created |
Trust or Partnership Agreement and, if appropriate, recorded document conveying the interest in a property to a Trust or Partnership |
Trust or Partnership is terminated |
Dissolution of Trust or Partnership and, if appropriate, recorded conveyances to beneficiary |
Changes in Trustee |
Instrument whereby the successor trustee was appointed |
JOINT TENANCY AND ONE DIES |
Death Certificate of Joint Tenant |
ESTATE PROCEEDINGS |
Owner died with a Will (testate) and probate proceedings are to be conducted in the state where the property is located |
- Death Certificate
- Last Will and Testament
- Order Admitting Will to Probate
- Letters Testamentary
- Evidence debts and taxes have been paid
- Final Decree of Distribution or Judgment of Possession
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Owner died with a Will (testate) and probate proceedings are to be conducted in a state other than the state where the property is located |
- Death Certificate
- Last Will and Testament
- Order Admitting Will to Probate
- Letters Testamentary
- Evidence debts and taxes have been paid
- Final Decree of Distribution or Judgment of Possession
- Documentation of ancillary probate proceedings opened
in all affected states or Affidavit of Heirship |
Owner died without a Will (intestate)
(Laws of Descent and Distribution will apply) |
- Death Certificate
- Letters of Administration
- Affidavit of Heirship
- Evidence debts and taxes have been paid
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BANKRUPTCY |
Chapter 11 |
- Plan of Reorganization
- Order Confirming the Plan of Reorganization
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Chapter 7 |
- Recorded conveyance (as appropriate)
- Order Naming Trustee of Bankruptcy Estate
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- All payees are required to provide a social security, or tax identification number or Federal Law requires tax withholding.
- All changes of ownership must be filed of record in the County / Parish where the property is located.
- Laws of agency preclude us from providing forms for conveying real property interests. However, you may contact an attorney, Legal Aid Society, or your local Bar Association for assistance in handling these matters.
- Address changes cannot be handled by telephone. A written request is required.
- Retain your check detail for future reference.
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