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Code · Nebraska · Chapter 57 — Minerals, Oil, and Gas

57-224. Oil and gas leases; trustee for remaindermen; invest income from royalties.

64 words·~1 min read·/ne/chapter-57/57-224

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Under proper court order, the trustee shall be authorized to invest income from royalties in like manner as funds of guardianships may be invested, which investments shall remain intact until the ultimate taker is determined and shall then be paid over to such ultimate taker and the trust closed. Income from investments shall be paid to the life tenant or other person entitled thereto.
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