Kentucky Statutes 353.210 – Agreement consolidating oil and gas leases may be executed by trustee representing contingent future interests
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A trustee appointed by any Circuit Court of this state in cases where contingent future interests in land are involved may enter into a consolidation agreement, as defined in KRS § 353.220, subject to approval by the Circuit Judge as provided in KRS § 353.230. The detailed provisions of such agreement may be such as the court approves, consistently with the provisions of KRS § 353.220.
History: Created 1944 Ky. Acts ch. 71, sec. 1.
History: Created 1944 Ky. Acts ch. 71, sec. 1.
Terms Used In Kentucky Statutes 353.210
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.