Ky. Rev. Stat. § 353.020

Current through 2024 Ky. Acts ch. 225
Section 353.020 - Oil and gas lease or contract, when lessor may avoid

If a lease or contract of lands for oil and gas purposes provides in substance that actual drilling or development may be postponed by the payment or tender of the rental on or before a certain day, and the rental is not so paid or tendered, the lessor or landowner may avoid the lease or contract unless before executing a new lease or contract he has accepted payment of the rental.

KRS 353.020

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. sec. 3766b-4.