55-205. Record of lease as notice for definite term; extension upon contingency, affidavit. - Kansas Statutes

55-205

Chapter 55.--OIL AND GAS Article 2.--LEASES AND LIENS

      55-205.   Record of lease as notice for definite term; extension uponcontingency, affidavit.When an oil, gas or mineral lease is hereafter given on landsituated within the state of Kansas, the recording thereof in the office ofthe register of deeds of the county in which the land is located shallimpart notice to the public of the validity and continuance of said leasefor the definite term therein expressed, but no longer: Provided,That, if such lease contains the statement of any contingency upon thehappening of which the term of any such lease may be extended (such as "andas much longer as oil and gas or either are produced in payingquantities"), the owner of said lease may at any time before the expirationof the definite term of said lease file with the said register of deeds anaffidavit setting forth the description of the lease, that the affiant isthe owner thereof and the facts showing that the required contingency hashappened. This affidavit shall be recorded in full by the register ofdeeds, and such record together with that of the lease shall be due noticeto the public of the existence and continuing validity of said lease, untilthe same shall be forfeited, canceled, set aside or surrendered accordingto law.

      History:   L. 1915, ch. 228, § 2; May 22; R.S. 1923, 55-205.