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Parties dispute coverage for debt for nature conservation contract
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Court Report
Sunday, October 1, 2023
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A buyer purchased hundreds of acres of property out of bankruptcy, as well as title insurance to cover the property, and later entered into a timber agreement to cut timber on part of the property. The previous owner had entered into a debt for nature conservation contract with the U.S. Department of Agriculture which prevented the harvesting of timber. Eventually, the buyer sued the title insurer to determine coverage under the policy for this issue.
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