KRS 353.476: When action by unknown or missing owner is barred.
Where this section sits in the code
- KRS Chapter 353
After the expiration of seven (7) years from the date of first commercial production of the
severed mineral pursuant to the terms of the lease authorized hereunder, or the expiration
of seven (7) years from the date of entry of judgment authorizing the lea se in the event
there is no commercial production, whichever date last occurs, no action may be brought
by any unknown or missing owner to recover any past or future proceeds accrued or to be
accrued from the lease herein authorized. After the expiration of seven (7) years from the
date of first commercial production of the severed mineral pursuant to the terms of the
lease authorized hereunder, no action may be instituted by any unknown or missing
owner to recover any right, title or interest in and to the severed mineral interest subject to
the lease.
Collected 2026-09-05T20:58:39Z. Source file · JSON