Sec. 12. (a) The lease of a mineral interest and execution of any lease under this chapter is binding concerning the interest in the mineral and the right to produce and develop the mineral owned by any respondent to the action in the same manner as if the respondent personally had signed and delivered the lease.
(b) The mineral lease is binding on the heirs, legatees, personal representatives, successors, and assigns of the respondents.
(c) A person who may have a contingent or future interest in the mineral interest of an unknown or missing owner is bound by the judgment entered in the proceedings under this chapter.
As added by P.L.28-2015, SEC.1.
Structure Indiana Code
Article 23. Conveyance of Property Interests Less Than Fee Simple
Chapter 13. Mineral Estates of Unknown or Missing Owners
32-23-13-1. "Adjacent Mineral Producer"
32-23-13-2. "Mineral Interest of an Unknown or Missing Owner"
32-23-13-3. "Unknown or Missing Owner"
32-23-13-4. Mineral Interest of an Unknown or Missing Owner; Lease to Produce or Develop
32-23-13-6. Action; Requirements; Guardian Ad Litem
32-23-13-7. Court Determinations; Trustee Appointment
32-23-13-8. Additional Court Proceedings
32-23-13-9. Trustee Duties; Lease
32-23-13-10. Lease Payments; Distribution of Funds
32-23-13-11. Subsequent Court Proceedings