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93.30 Payment of lease money by coowner in case of default.

Upon the failure of any one of several coowners of any lease of mineral land from the state of Minnesota which it may heretofore have made or may hereafter make to pay the appropriate share representing the proportionate interest in the lease, of any annual payment or royalty payment of taxes assessed against the land covered by the lease or the improvements thereon or the iron ore products thereof or any personal property at any mine on the land, according to, as required by, and when due under the terms of the lease or the laws of this state, any coowner of the lease who may have heretofore paid or who may hereafter pay the same or any part thereof, who was not under contract obligation, at the time of making the payment, to make it, may after the expiration of the time fixed by the lease or the law for making the payment, give the delinquent coowner and the other coowners, if any, personal notice in writing or by publication for at least six successive weeks once a week in the newspaper published nearest the land entitled under the laws of this state to publish legal notices that the payment has been made, describing the lease and the land covered thereby on account of which it was made, the amount due, when due, and for what due, on account of which the payment was made, and the date of making the same, and demand that the delinquent coowner contribute the proportionate share of the payment due from that coowner by paying the same, together with six percent interest thereon from the time of the payment until the time of repayment, together with the cost of the publication, to the coowner or coowners making payment within 90 days after the personal service of the notice or within 90 days after the completion of the publication, and that in the event of failure so to do the delinquent coowner's interest in the lease will become the property of and be forfeited to the coowner or coowners paying the same.

HIST: (6420) 1915 c 303 s 1; 1986 c 444

Official Publication of the State of Minnesota
Revisor of Statutes