(765 ILCS 515/3) (from Ch. 96 1/2, par. 9203)
Sec. 3.
If the title to any severed mineral interest is vested in an
unknown or missing owner, the circuit court of the county in which the minerals
or the major portion thereof lies shall have the power to declare a trust
therein, appoint a trustee for the unknown or missing owners and authorize
the trustee to sell, execute and deliver a valid lease thereon on terms
and conditions approved by the circuit court for the purposes hereinafter
provided. The lease shall continue in full force and effect after the termination
of the trust or merger of the severed mineral estate with the surface estate
unless the lease has previously expired by its own terms.
(Source: P.A. 83-571.)
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