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Code · Kentucky · Chapter 353 — Mineral conservation and development

353.360 Execution of sale of lease -- Report -- Confirmation.

87 words·~1 min read·/ky/chapter-353/353-360

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The trustee shall proceed, conformably to the provisions of such decree, to sell the lease authorized thereby, and after making such sale shall make a report thereof to the court. Upon filing of such report, the court may hear evidence as to whether or not the sale price is reasonable, and, if the court be satisfied with the sale and the amount received therefor, such sale shall be confirmed by the court and the lease executed by the trustee approved by the court on the face thereof.
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