South Dakota Statutes
§ 43-30B-3 — Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.
South Dakota·Title 43 PROPERTY·Ch. 43-30B TRUST FOR UNLOCATED OR UNIDENTIFIED MINERAL INTEREST OWNERS
If the court determines the petitioner meets the burdens provided for in § 43-30B-2 , the court shall declare a trust in favor of the unlocated or unidentified mineral owner, shall appoint the county treasurer or another person or entity as trustee of the trust, and shall authorize the trustee to execute and deliver a mineral lease, a ratification, a division order, or any other related document or instrument on such terms and conditions as the court may approve. The county treasurer may decline to act as the trustee and in such event the court shall appoint an alternate trustee. The court may issue other appropriate orders upon request of the petitioner or trustee.
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South Dakota § 43-30B-3 (Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2013, ch 223, § 3; SL 2017, ch 189, § 3.
Nearby Sections
15
§ 43-1-1
Property defined.§ 43-1-2
Classes of property.§ 43-1-4
Land as solid material of earth.§ 43-1-6
Law governing real property.§ 43-1-7
Law governing personal property.§ 43-10-13
Repealed§ 43-11-10
Power in trust defined.§ 43-11-11
General power in trust defined.§ 43-11-12
Special power in trust defined.§ 43-11-13
Capacity to create power.§ 43-11-14
Manner of creating power.§ 43-11-15
Vesting of power.