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149.060 Sale of timber from leased lands.

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149.060 Sale of timber from leased lands. If merchantable timber is taken from land leased to the Energy and Environment Cabinet, <br>one-half (1/2) of the stumpage value of the timber shall be paid into the State Treasury <br>and the other half (1/2) shall be paid to the lessor or his assigns. The sale of timber grown <br>upon leased lands shall be made only by consent of all parties interested in the land or by <br>court order. If all interested parties do not agree to sell the timber, the cabinet may, by a <br>suit in equity, to which all persons interested shall be made parties, obtain an order <br>directing the cabinet to sell merchantable timber on any leased lands. Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 146, effective July 15, 2010. -- Amended 1974 Ky. Acts ch. 74, Art. III, sec. 13(3). -- Recodified 1942 Ky. Acts ch. 208, <br>sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2007i-19.