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.
KRS 353.210
Agreement consolidating oil and gas leases may be executed by trustee representing contingent future interests
Known as the Natural Gas Acquisition Authority Act
The act spans §§ 353–353 (136 sections).
History: Created 1944 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.