California Public Resources Code 8704 – The trustee shall make all reasonable attempts to acquire the mineral …
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The trustee shall make all reasonable attempts to acquire the mineral and other subsurface rights in any acquisition pursuant to this division. If the trustee is unable to acquire the mineral and other subsurface rights, the trustee may purchase real property upon the trustee expressly finding that the benefits to be derived from the acquisition are substantial and that acquisition of the property without the subsurface rights is in the best interests of the state for the purposes set forth in this division.
(Added by Stats. 2011, Ch. 485, Sec. 2. (AB 982) Effective January 1, 2012.)
Terms Used In California Public Resources Code 8704
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.