Nebraska Statutes
§ 57-224 — Oil and gas leases; trustee for remaindermen; invest income from royalties
Nebraska·Ch. 57 Minerals, Oil, and Gas
Under proper court order, the trustee shall be authorized to invest income from royalties in like manner as funds of guardianships may be invested, which investments shall remain intact until the ultimate taker is determined and shall then be paid over to such ultimate taker and the trust closed. Income from investments shall be paid to the life tenant or other person entitled thereto.
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Legislative History
Source: Laws 1951, c. 187, § 3, p. 694.
Nearby Sections
15
§ 57-1001
Service of process§ 57-1002
Repealed. Laws 1983, LB 447, § 104§ 57-102
Repealed. Laws 1949, c. 175, § 4§ 57-102.01
Repealed. Laws 1951, c. 190, § 1§ 57-102.02
Repealed. Laws 1951, c. 190, § 1§ 57-102.03
Repealed. Laws 1951, c. 190, § 1§ 57-103
Repealed. Laws 1951, c. 190, § 1§ 57-104
Prospectors; specimens preserved§ 57-105
Former discoveries; no aid given