Sec. 2. An interest in coal, oil and gas, and other minerals, if unused for a period of twenty (20) years, is extinguished and the ownership reverts to the owner of the interest out of which the interest in coal, oil and gas, and other minerals was carved. However, if a statement of claim is filed in accordance with this chapter, the reversion does not occur.
Ind. Code § 32-23-10-2
Statement of claims; filing; reversion
Applied in 2 court decisions — leading case Miller v. Weber (2005)
Most recently applied in Westervelt v. Woodcock (August 2014)
As added by P.L.2-2002, SEC.8.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.