(765 ILCS 540/5)
Sec. 5.
Purpose.
In recognition of the fact
that an estate of a joint owner in coal can be enjoyed only by
mining, removing, and selling the products of the coal,
and that
the mining, removal, and sale of coal by one joint owner therefore
constitutes the use and not the destruction of the common estate,
the purpose of this Act is to clarify the rights of joint owners
of coal in this State, to promote and preserve the value of
coal reserves in the State, and to maximize the recovery
of coal
through the orderly and efficient development of
coal reserves
for the
benefit of all joint owners in a fair and equitable manner.
(Source: P.A. 92-390, eff. 8-16-01.)
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