82-1-301. Definition. The word “person”, as used in this part, shall mean any individual, corporation, partnership, joint venture, trust or other entity capable of owning real property in Montana. History: En. Sec. 6, Ch. 513, L. 1979.
82-1-302. Creation of trust for unlocatable mineral, leasehold, or royalty interest owners. (1) Any person who owns an interest in minerals underlying a tract of land may petition the district court of the county in which the tract or a portion of the tract is located to declare a trust in favor of other persons also […]
82-1-303. No further liability for petitioner. If a trust in favor of unlocatable owners or claimants of an interest in minerals has been created and all bonuses, rental payments, royalties, and other income due to the unlocatable owners are being or have been paid to the trustee, the person petitioning for creation of the trust is […]
82-1-304. Administration of trust. (1) The administration of the trust must comply with the appropriate provisions regulating trusts contained in Title 72. (2) Trustee or attorney fees may not be paid from the trust proceeds. (3) All bonuses, rental payments, royalties, and other income must be paid to the trustee until the trust is terminated and notice of […]
82-1-305. Trust for unlocatable mineral, leasehold, and royalty interest owners — penalty. (1) A person may not personally hold for longer than 6 months any bonuses, rental payments, royalties, or other income for unlocatable owners or claimants of an interest in minerals underlying a tract of land. Within the 6-month period, the person shall petition the […]
82-1-306. Filing of addresses. (1) Upon the payment of a $5 fee, a person claiming an interest in minerals underlying a tract of land that is the subject of a trust proceeding under 82-1-302 may file with the clerk and recorder of each county in which the land is located a notice containing the person’s address […]
