Current as of January 01, 2019 | Updated by FindLaw Staff
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§ 1. When any lease on land heretofore or hereafter taken for the purpose of prospecting for or mining or producing coal, oil, gas, or other minerals shall terminate by the terms of the lease or the acts or omissions of the lessee, his, her, or their heirs, representatives, successors or assigns, it shall be the duty of said lessee, his, her or their heirs, representatives, successors or assigns, within 60 days from the date of termination of the lease, to have such lease or leases, released of record in the county where such land is situate, without any cost to the owner or owners of the land; and any failure so to do after notice and demand, shall constitute a petty offense.
Cite this article: FindLaw.com - Illinois Statutes Chapter 765. Property § 510/1. Forfeited lease to be released of record; failure to release; punishment - last updated January 01, 2019 | https://codes.findlaw.com/il/chapter-765-property/il-st-sect-765-510-1/
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