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2022 Indiana Code
Title 32. Property
Article 23. Conveyance of Property Interests Less Than Fee Simple
Chapter 10. Lapse of Mineral Interest
32-23-10-2. Statement of Claims; Filing; Reversion
Universal Citation:
IN Code § 32-23-10-2 (2022)
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Sec. 2. An interest in coal, oil and gas, and other minerals, if unused for a period of twenty (20) years, is extinguished and the ownership reverts to the owner of the interest out of which the interest in coal, oil and gas, and other minerals was carved. However, if a statement of claim is filed in accordance with this chapter, the reversion does not occur.
[Pre-2002 Recodification Citation: 32-5-11-1.]
As added by P.L.2-2002, SEC.8.
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