New York Statutes

§ 329-A — Lapse of oil and gas interest within Allegany state park

New York·Law RPP Real Property·Art. 9 Recording Instruments Affecting Real Property
§ 329-a. Lapse of oil and gas interest within Allegany state park. The\nprovisions of this section shall apply to oil and gas interests that\nwere previously severed from interests in lands that are currently owned\nby the state within Allegany state park.\n 1. Any interest in oil and gas shall, if unused for a period of twenty\nyears immediately prior to the effective date of this section, be\nextinguished, and the ownership thereof shall revert to the state,\nunless a statement of claim is filed within two years after the\neffective date of this section, in accordance with subdivision five of\nthis section.\n 2. Such oil and gas interest shall mean the interest which is created\nby an instrument transferring, either by grant, assignment, or\nreservation or otherwise, an interest of a

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