Statutes, codes, and regulations
North Dakota Century Code
Title 38 - MINING AND GAS AND OIL PRODUCTION
Chapter 38-13.1 - TRUSTS FOR UNLOCATABLE MINERAL OWNERS
Section 38-13.1-02 - No further liability for petitioner

N.D. Cent. Code § 38-13.1-02

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Current through 2023 Legislative Sessions
Section 38-13.1-02 - No further liability for petitioner

If a trust in favor of unlocatable owners or claimants of an interest the mineral, leasehold, or royalty interest has been created and all bonuses, rental payments, royalties, and other income due to the unlocatable owners 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.

N.D.C.C. § 38-13.1-02