Nebraska § 72-306 Minerals; discovery; report required; delay in development; powers of board

Nebraska Statutes

§ 72-306 — Minerals; discovery; report required; delay in development; powers of board

Nebraska § 72-306

Ch. 72Public Lands, Buildings, and Funds

This text of Nebraska § 72-306 (Minerals; discovery; report required; delay in development; powers of board) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 72-306 (2026).

Text

Upon the discovery of potash or other minerals or substances in commercial quantities, the lessee shall report the same to the Board of Educational Lands and Funds within thirty days, together with a statement showing how soon facilities necessary for production and marketing may be completed. If the board deems there is an unnecessary delay between the time of discovery and the time of production, a showing may be required as to the cause of the delay and, if it be found to be out of proportion to a reasonable length of time, the board may demand more rapid development or the surrender or cancellation of the lease.

Free access — add to your briefcase to read the full text and ask questions with AI

Upon the discovery of potash or other minerals or substances in commercial quantities, the lessee shall report the same to the Board of Educational Lands and Funds within thirty days, together with a statement showing how soon facilities necessary for production and marketing may be completed. If the board deems there is an unnecessary delay between the time of discovery and the time of production, a showing may be required as to the cause of the delay and, if it be found to be out of proportion to a reasonable length of time, the board may demand more rapid development or the surrender or cancellation of the lease.

Legislative History

Source: Laws 1918, Thirty-sixth Spec. Sess., c. 7, § 6, p. 45; C.S.1922, § 5224; C.S.1929, § 72-306; Laws 1943, c. 164, § 16, p. 584; R.S.1943, § 72-306.