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353.020 Oil and gas lease or contract, when lessor may avoid

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KY Code › Title XXVIII › Chapter 353 › Section 353.020

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

353.020 Oil and gas lease or contract, when lessor may avoid.

If a lease or contract of lands for oil and gas purposes provides in substance that actual

drilling or development may be postponed by the payment or tender of the rental on or

before a certain day, and the rental is not so paid or tendered, the lessor or landowner may

avoid the lease or contract unless before executing a new lease or contract he has

accepted payment of the rental.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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353.020 Oil and gas lease or contract, when lessor may avoid · KRS § 353.020 | Frix