Indiana Statutes

§ 32-23-12-8 — Creation of trust to develop coal interest; petition; guardian ad litem; evidence; coal lease; fees

Indiana·Title 32 PROPERTY·Art. 23 CONVEYANCE OF PROPERTY INTERESTS·Ch. 12 Coal: Estates in Land
(a)The person seeking to create a trust for an interest in coal land for the purpose of leasing and developing the coal interest shall join as a defendant each person who has a legal interest in the coal land, except for any plaintiffs or persons having a legal interest in the coal land who at the time of the action are parties to a valid and existing lease granting to the plaintiff the mining rights sought by the plaintiff. A person who might have a contingent or future interest in the coal land is bound by the judgment entered in the proceedings.
(b)The plaintiff shall file a verified petition that specifically sets forth the following:
(1)The request of each plaintiff that a trustee be appointed to execute a lease granting the plaintiff the right to mine and remove coal from the subj

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Indiana § 32-23-12-8 (Creation of trust to develop coal interest; petition; guardian ad litem; evidence; coal lease; fees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.94-2009, SEC.1. Amended by P.L.84-2016, SEC.142.

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