Statement of claim; filing; time
Sec. 4. (a) The statement of claim under section 2 of this chapter
must:
(1) be filed by the owner of the mineral interest before the end
of the twenty (20) year period set forth in section 2 of this
chapter; and
(2) contain:
(A) the name and address of the owner of the mineral
interest; and
(B) a description of the land on or under which the mineral
interest is located.
(b) A statement of claim described in subsection (a) must be filed
in the office of the recorder of deeds in the county in which the land
is located.
(c) Upon the filing of a statement of claim within the time
provided in this section, the mineral interest is considered to be in
use on the date the statement of claim is filed.
As added by P.L.2-2002, SEC.8.
Last modified: May 24, 2006