California Probate Code

§ 2554

PROB § 2554Div. 4 · Part 4 · Ch. 6 · Art. 8

Statute text

(a)An order authorizing the execution of a lease shall set forth the minimum rental or royalty or both and the period of the lease, which shall be for such time as the court may authorize.

(b)The order may authorize other terms and conditions, including, with respect to a lease for the purpose of exploration for or production or removal of minerals, oil, gas, or other hydrocarbon substances, or geothermal energy, any one or more of the following:

(1)A provision for the payment of rental and royalty to a depositary.

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Legislative history

Enacted by Stats. 1990, Ch. 79.