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North Dakota Code 38-10-14 - Disposition of income and royalties

North Dakota Code > Title 38 > Chapter 38-10 > § 38-10-14 - Disposition of income and royalties


Current as of: 2009

All bonuses, rental payments and royalties from such leases must be paid to the trustee until the lessee is furnished with notice of the termination of the trust. Any bonuses or rental payments must be distributed by the trustee to the life tenant or other persons entitled thereto. The trustee is authorized to invest royalties from such leases in such investments as may appear to be in the best interests of the life tenant and remaindermen. Income from investments must be paid to the life tenant or other person entitled thereto.

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North Dakota Laws: Mineral Rights

North Dakota Code > Chapter 38-08.1 - Geophysical Exploration Requirements
North Dakota Code > Chapter 38-09 - Exploration and Production on Publicly Owned Lands
North Dakota Code > Chapter 38-10 - Sales and Leases by Personal Representatives
North Dakota Code > Chapter 38-11 - Lease of Minerals on Public Lands
North Dakota Code > Chapter 38-13.1 - Trusts for Unlocatable Mineral Owners
North Dakota Code > Chapter 38-18 - Surface Owner Protection Act
North Dakota Code > Chapter 38-18.1 - Termination of Mineral Interest
North Dakota Code > Chapter 38-21 - Exploration Fund
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