Illinois Compiled Statutes 765 Property: Article -

• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 1
  As used in this Act the following definitions shall apply: (a) A "severed mineral interest" is any whole or fractional interest in any or...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 2
  The circuit court of the county wherein the severed mineral interest sought to be affected, or the major portion thereof, is situated shall have...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 3
  If the title to any severed mineral interest is vested in an unknown or missing owner, the circuit court of the county in which...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 4
  Proceedings for the appointment of a trustee may be instituted by any person: (a) Vested in fee simple with the whole or undivided interest...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 5
  (a) The person seeking to impress a trust upon a severed mineral interest for the purpose of leasing and developing the same shall join...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 6
  The trustee shall enter into negotiations with prospective purchasers of the mineral lease and shall sell a mineral lease covering the interest of the...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 7
  The sale of and execution of any mineral lease under the provisions of this Act shall be binding in all respects as to all...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 8
  In the event of the death, resignation, refusal or inability of the trustee to act, the court, upon its own motion or upon the...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 9
  (a) Regardless of whether there has been production of the severed mineral interest, if the owners of the severed mineral interests which are the...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 10
  All attorneys' fees, expenses, and court costs incident to the proceedings authorized hereunder shall be paid by the lessee if a lease is executed...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 11
  (a) Surface owners may gain title to severed mineral interests owned by unknown or missing owners under the theory of adverse possession in the...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 12
  If any surface owner is named as a defendant and acquires an interest in the severed mineral interest by a judgement entered in accordance...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 13
  A trustee proceeding pursuant to Sections 3 through 8 may be commenced at any time prior to the entry of a judgment pursuant to...
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 14
  This Act shall be liberally construed so that any deed issued pursuant to this Act shall convey merchantable title. (Source: P.A. 83-571.)
• Illinois Severed Mineral Interest Act. - 765 ILCS 515, Section 17
  This Act shall be known and may be cited as the Severed Mineral Interest Act. (Source: P.A. 83-571.)

Last modified: February 18, 2015