Ky. Rev. Stat. § 353.472
Current through Acts Received April 24, 2024
If the leased minerals are never produced commercially during the term of the trustee's lease, the trustee shall pay any proceeds accruing from the lease to the then surface owners upon the termination of the lease in accordance with its terms or upon the expiration of seven (7) years following the date of judgment authorizing the lease, whichever last occurs. The payments shall be made in the same manner and on the same conditions as expressed in KRS 353.470(2).
KRS 353.472
Created 1982 Ky. Acts ch. 165, sec. 7, effective7/15/1982.