Montana § 82-1-305 Trust For Unlocatable Mineral, Leasehold, And Royalty Interest Owners -- Penalty

Montana Statutes

§ 82-1-305 — Trust For Unlocatable Mineral, Leasehold, And Royalty Interest Owners -- Penalty

Montana § 82-1-305

Title 82MINERALS, OIL, AND GAS

Ch. 1GENERAL PROVISIONS

Part 3Trusts for Unlocatable Mineral Owners

This text of Montana § 82-1-305 (Trust For Unlocatable Mineral, Leasehold, And Royalty Interest Owners -- Penalty) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 82-1-305 (2026).

Text

82-1-305 . Trust for unlocatable mineral, leasehold, and royalty interest owners -- penalty.

(1)A person may not personally hold for longer than 6 months any bonuses, rental payments, royalties, or other income for unlocatable owners or claimants of an interest in minerals underlying a tract of land. Within the 6-month period, the person shall petition the district court for creation of a trust, as provided in 82-1-302 .

(2)A person failing to comply with subsection (1) is liable for all attorney fees and court costs and interest on funds subject to subsection (1) at twice the current average passbook account rate paid by financial institutions in any district in which the property or part of the property is located.

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82-1-305 . Trust for unlocatable mineral, leasehold, and royalty interest owners -- penalty. (1) A person may not personally hold for longer than 6 months any bonuses, rental payments, royalties, or other income for unlocatable owners or claimants of an interest in minerals underlying a tract of land. Within the 6-month period, the person shall petition the district court for creation of a trust, as provided in 82-1-302 .
(2) A person failing to comply with subsection (1) is liable for all attorney fees and court costs and interest on funds subject to subsection (1) at twice the current average passbook account rate paid by financial institutions in any district in which the property or part of the property is located.