Sec. 47-33o. Dormant Mineral Interests Act: Definitions.
Sec. 47-33o. Dormant Mineral Interests Act: Definitions. As used in sections
47-33m to 47-33t, inclusive:
(1) "Mineral interest" means an interest in a mineral estate, however created and
regardless of form, whether absolute or fractional, divided or undivided, corporeal or
incorporeal, including a fee simple or any lesser interest or any kind of royalty, production payment, executive right, nonexecutive right, leasehold or security interest in minerals, regardless of character, whether fugacious or nonfugacious, organic or inorganic.
(2) "Minerals" includes oil, gas, coal, other liquid, gaseous and solid hydrocarbons,
oil shale, cement material, sand and gravel, road material, building stone, chemical
substances, gemstones, metallic ores, fissionable ores and nonfissionable ores, colloidal
or other clays, steam or other geothermal resources, and any other substances defined
as minerals by the law of this state.
(3) "Mineral estate" means any interest in or ownership of minerals which are or
may be situated in, on or under land, the fee estate of which is owned by any other person
or entity. The term "mineral estate" includes, but is not limited to, a fee interest, a
leasehold interest, a life use and any term which is measured by the life of another or
by the happening of a future event, whether contingent or noncontingent, and includes
any easement or license in, over and across the land in which the minerals are located
for the purpose of obtaining access to and removing the minerals.
(P.A. 87-283, S. 3.)