43-30B-3. Declaration of trust in favor of unlocated or unidentified mineral owner--Appointment of trustee.
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.
Source: SL 2013, ch 223, §3; SL 2017, ch 189, §3.
Structure South Dakota Codified Laws
Chapter 30B - Trust For Unlocated Or Unidentified Mineral Interest Owners
Section 43-30B-1 - Petition for creation of trust.
Section 43-30B-2 - Required showing.
Section 43-30B-4 - Administration of trust.
Section 43-30B-5 - Termination of trust--Distribution of trust moneys.
Section 43-30B-6 - Actions not use of mineral interest under chapter 43-30A.