North Dakota § 38-13.1-03 Administration of trust

North Dakota Statutes

§ 38-13.1-03 — Administration of trust

North Dakota § 38-13.1-03

Title 38Mining and Gas and Oil Production

Ch. 38-13.1Trusts for Unlocatable Mineral Owners

This text of North Dakota § 38-13.1-03 (Administration of trust) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 38-13.1-03 (2026).

Text

The administration of the trust must comply with the appropriate provisions regulating trusts
contained in title 59. Except as provided in this section, trustee or attorney's fees may not be
paid from the trust proceeds. All bonuses, rental payments, royalties, and other income must be
paid to the trustee until the trust is terminated and notice of its termination is given to all
interested parties. The trustee shall distribute all moneys held in the trust to the person entitled
to the money upon the order of the district court. A trust in favor of unlocatable owners must be
kept in force until the unlocatable owners of the mineral interests in question have successfully
claimed their share of the funds held in trust and have filed the notice as provided in section

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The administration of the trust must comply with the appropriate provisions regulating trusts
contained in title 59. Except as provided in this section, trustee or attorney's fees may not be
paid from the trust proceeds. All bonuses, rental payments, royalties, and other income must be
paid to the trustee until the trust is terminated and notice of its termination is given to all
interested parties. The trustee shall distribute all moneys held in the trust to the person entitled
to the money upon the order of the district court. A trust in favor of unlocatable owners must be
kept in force until the unlocatable owners of the mineral interests in question have successfully
claimed their share of the funds held in trust and have filed the notice as provided in section