Current as of May 05, 2022 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(1)(a) Except as otherwise expressly provided by law, coal and mineral deposits in trust lands are reserved to the respective trust.
(b) Each certificate of sale and patent issued shall contain such a reservation.
(c) The purchaser of any lands belonging to the trust:
(i) acquires no right, title, or interest in coal or mineral deposits; and
(ii) is subject to the conditions and limitations prescribed by law providing for the state and any person authorized by it to:
(A) prospect or mine;
(B) remove the deposits; and
(C) occupy and use as much of the surface of the lands as may be required for any purpose reasonably incident to the mining and removal of the deposits.
(d)(i) Coal and mineral deposits in trust lands may be leased on a rental and royalty basis.
(ii) The administration may also, with board approval, enter into joint ventures, farmout agreements, exploration agreements, operating agreements, and other business arrangements for the disposition of coal and mineral deposits in trust lands.
(iii) The mineral estate in trust lands may not be sold except as authorized in Subsection (2).
(iv) Agreements made under Subsection (1)(d)(ii) are not subject to Subsections 53C-2-405(3) and (4).
(2) Except as otherwise prohibited by the Jones Act of January 25, 1927, 43 U.S.C. Sections 870-871, mineral interests in trust lands may be exchanged for mineral interests of comparable value or otherwise disposed of, if their retention would create a liability exceeding their value.
(3)(a) Common varieties of sand, gravel, and cinders are not considered to be minerals under this section but may be reserved by specific action of the director.
(b) Common varieties do not include deposits which are valuable because the deposit contains characteristics which give it distinct and special value.
Cite this article: FindLaw.com - Utah Code Title 53C. School and Institutional Trust Lands Management Act § 53C-2-401. Coal and mineral deposits reserved--Exceptions - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-53c-school-and-institutional-trust-lands-management-act/ut-code-sect-53c-2-401/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.