N.D. Cent. Code § 38-13.1-02

Current through 2024 Legislative Session

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