Montana § 82-1-303 No Further Liability For Petitioner

Montana Statutes

§ 82-1-303 — No Further Liability For Petitioner

Montana § 82-1-303

Title 82MINERALS, OIL, AND GAS

Ch. 1GENERAL PROVISIONS

Part 3Trusts for Unlocatable Mineral Owners

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Bluebook

Mont. Code Ann. § 82-1-303 (2026).

Text

82-1-303 . No further liability for petitioner. If a trust in favor of unlocatable owners or claimants of an interest in minerals has been created and all bonuses, rental payments, royalties, and other income due to the unlocatable owners are 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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82-1-303 . No further liability for petitioner. If a trust in favor of unlocatable owners or claimants of an interest in minerals has been created and all bonuses, rental payments, royalties, and other income due to the unlocatable owners are 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.