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MO HB706
Bill
Status
2/28/2011
Primary Sponsor
Michael Corcoran
Click for details
AI Summary
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Property owners of land burdened by easements created after December 31, 2006, may petition a court to reclaim rights and obtain vacation of the easement if abandoned for more than 10 years, with compensation equal to the original consideration paid for the easement
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Easement holders may maintain the easement by demonstrating good faith plans for future use
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Property owners may waive the right to request easement vacation either in the original conveyance instrument or in a subsequent signed writing
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Pipeline operators transporting petroleum or natural gas that fail to maintain an easement for 10 years are deemed to have abandoned it, automatically terminating the easement and returning rights to the property owner
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Pipeline operators must pay monetary consideration equal to the original easement payment, remove any improvements made to the property, and restore the property to its original condition upon abandonment
Legislative Description
Specifies that any owner or operator of pipelines transporting petroleum or natural gas who fails to maintain an easement for a period of 10 years will be deemed to have abandoned the easement
Last Action
Referred: Utilities (H)
3/10/2011