Code of Virginia - Title 45.1 Mines And Mining - Chapter 14.7:2 Trust For Coal Interests
- 45.1-161.311:3 Petition to establish a trust for missing coal owners
A. Any person or persons or lessee with greater than 50 percent interest in coal on a particular tract, who is seeking to impress a ...
- 45.1-161.311:4 Advertisement upon filing of petition
Immediately upon filing of the petition, the petitioner shall advertise a notice of the pending action, including a statement that the action is brought for ...
- 45.1-161.311:5 Court may declare trust; trustee sale of lease
A. If, upon presentation to the circuit court of the petition, it appears to the court that development of the interests in the tract of ...
- 45.1-161.311:6 Duty of trustee; sale of lease; distribution of funds
A. The trustee shall collect the proceeds from the sale of the lease and hold and invest such proceeds for the use and benefit of ...
- 45.1-161.311:7 Payment of attorney's fees, expenses, and court costs
All attorney's fees, expenses, and court costs incident to the original proceedings shall be paid by the lessee if a lease is executed, and by ...
- 45.1-161.311:8 Production of coal by majority interest owner; petition to establish trust for known coal owner...
A. Any person or persons or lessee with at least two-thirds interest in coal on a particular tract of land, who is seeking to extract ...
Last modified: April 3, 2009