Fowler v. LAC Minerals (USA), LLC, No. 11-2923 (8th Cir. 2012)
Annotate this CaseLAC Minerals and plaintiff were bound by an agreement relating to 944 acres of property once targeted for mining development. Plaintiff filed suit, arguing that the agreement required LAC to assign to plaintiff certain portions of the property no longer needed for mining operations. LAC counterclaimed, seeking to quiet title. The court held that the district court did not err in holding that plaintiff retained an ongoing reversionary interest in the property.
Court Description: Civil case - Property. Transfer of grantor's right of repossession to Fowler was not precluded by South Dakota law; district court did not err in determining Fowler retained an ongoing reversionary interest in the property.
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