Problem A: Should an oil, gas or coal lease be shown when satisfactory evidence is furnished that rentals are in default and that minerals are not being produced?
Standard A: No, provided further that the primary term of the lease has expired.
Comment A: See R.C. Sec. 5301.332.
(Effective as amended May 20, 1965; originally effective May 21, 1953)
Problem B: May an examiner omit from his opinion reference to a recorded lease when the terms expressed in the lease have expired?
Standard B: Yes, in the absence of notice of renewal arising from possession, record or otherwise.
(Effective November 12, 1960)