South Dakota § 43-30B-3 Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.

South Dakota Statutes

§ 43-30B-3 — Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.

South Dakota § 43-30B-3

Title 43PROPERTY

Ch. 43-30BTRUST FOR UNLOCATED OR UNIDENTIFIED MINERAL INTEREST OWNERS

This text of South Dakota § 43-30B-3 (Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 43-30B-3 (2026).

Text

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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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.