HB0233 Abandonment of mineral rights. | Wyoming Bill

Bill History

2011-03-02 House

H Committee Returned Bill Pursuant to HR 4-3(c)

2011-01-28 House

H Introduced and Referred to H07; No Report Prior to CoW Cutoff

2011-01-27 House

H Received for Introduction

2011-01-26 LSO

Bill Number Assigned

Current Bill Text

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WORKING DRAFT
2011
STATE OF
WYOMING
11LSO-0579

HOUSE BILL
NO.
HB0233

Abandonment of mineral rights.

Sponsored by:
Representative(s) Zwonitzer, Dv. and Miller

A BILL

for

AN ACT relating to
unclaimed property; providing for abandonment of mineral rights as specified; providing for treatment of abandoned mineral rights as unclaimed property of the state;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.
W.S. 34
‑
24
‑
117 by creating a new subsection (e) is amended to read:

34
‑
24
‑
117.

Mineral proceeds.

(e)

Any mineral right for which the underlying right to receive proceeds has been abandoned under subsection (a) of this section is deemed abandoned
twenty
(
20
) years after the date the underlying right to receive proceeds has been deemed abandoned. The mineral right is subject to the custody of the state as unclaimed property if the provisions of
paragraphs
(b)(i) through (iv) are met. Mineral rights abandoned under this subsection shall be unclaimed property of the state subject to the provisions of
this
chapter.

Section 2.
This act is effective July 1, 2011.

(END)

1
HB0233

Abandonment of mineral rights.

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Bill History

Current Bill Text