KRS 353.472: Payment to surface owner when leased mineral never produced
Where this section sits in the code
- KRS Chapter 353
commercially.
If the leased minerals are never produced commercially during the term of the trustee's
lease, the trustee shall pay any proceeds accruing from the lease to the then surface
owners upon the termination of the lease in accordance with its terms or upon the
expiration of seven (7) years following the date of judgment authorizing the lease,
whichever last occurs. The payments shall be made in the same manner and on the same
conditions as expressed in KRS 353.470(2).
Collected 2026-09-05T20:58:39Z. Source file · JSON