Coal Cotenancy Modernization and Miners Protection Act establishes fund for unknown coal interest owners and modifies cotenancy rules.

The Coal Cotenancy Modernization and Miners Protection Act creates the Unknown and Unlocatable Coal Interest Owners Fund in the West Virginia State Treasury, administered by the State Treasurer. The fund receives moneys from coal production and is used to pay lawful claims of unknown or unlocatable interest owners, after deducting certain expenses. The act also modifies cotenancy rules, allowing lawful use or development of coal estates if operators make reasonable efforts to negotiate with known owners.

Coal Cotenancy Modernization and Miners Protection Act establishes fund for unknown coal interest owners and modifies cotenancy rules.

The Coal Cotenancy Modernization and Miners Protection Act creates the Unknown and Unlocatable Coal Interest Owners Fund in the West Virginia State Treasury, administered by the State Treasurer. The fund receives moneys from coal production and is used to pay lawful claims of unknown or unlocatable interest owners, after deducting certain expenses. The act also modifies cotenancy rules, allowing lawful use or development of coal estates if operators make reasonable efforts to negotiate with known owners.