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North Dakota Code 38-13.1-02 - No further liability for petitioner

North Dakota Code > Title 38 > Chapter 38-13.1 > § 38-13.1-02 - No further liability for petitioner


Current as of: 2009

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.

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Questions & Answers: Mineral Rights

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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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