82-1-303: No further liability for petitioner.
Where this section sits in the code
- TITLE 82. MINERALS, OIL, AND GAS
- CHAPTER 1. GENERAL PROVISIONS
- Part 3. Trusts for Unlocatable Mineral Owners
If a trust in favor of unlocatable owners or claimants of an interest in minerals has been created and all bonuses, rental payments, royalties, and other income due to the unlocatable owners are being or have been paid to the trustee, the person petitioning for creation of the trust is not liable for further claims by unlocatable owners for bonuses, rental payments, royalties, and other income produced after the creation of the trust.
Collected 2026-09-14T05:01:02Z. Source file · JSON