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Terms Used In Kansas Statutes 55-228

  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

As created by this act, it shall be against Kansas public policy to provide for a waiver of the presumption, established by Kan. Stat. Ann. § 55-223, in any lease or sublease for the exploration, development or production of oil, gas or other mineral, or any combination thereof.