(225 ILCS 725/23.9) (from Ch. 96 1/2, par. 5446)
Sec. 23.9.
With respect to an interest in the oil and gas
rights which is encumbered by a lien of record, both the person
owning such interest and the lienor shall, for the purposes of this Section,
be considered as the record owner of legal title thereto; provided
that when the lien is based upon an instrument which gives the
grantor or grantors in such instruments the right to execute a
plan of unitization, the grantor or grantors shall for said
purposes be deemed the record owner or owners.
(Source: P.A. 79-462.)
|