Section 43-30A-5 - Circumstances where failure to file statement does not extinguish interest. - South Dakota Statutes

43-30A-5. Circumstances where failure to file statement does not extinguish interest. Failure to record the statement of claim within the time period provided in § 43-30A-4 does not cause a mineral interest to be extinguished if the owner of the mineral interest meets all of the following requirements:
(1) Owns one or more mineral interests in the county in which the mineral interest in question is located at the time of the expiration of the time period provided in § 43-30A-4;
(2) Inadvertently failed to preserve the mineral interest in question; and
(3) Within sixty days after completion of the publication of the notice provided for in § 43-30A-6, recorded a statement of claim.

Source: SL 1985, ch 338, § 5.