Section 70-7-13 - Income from unitized substances

The portion of the unit production allocated to any tract, and the proceeds from the sale thereof, shall be the property and income of the several persons to whom, or to whose credit, the same are allocated or payable under the order providing for unit operations. History: 1953 Comp., § 65-14-13, enacted by Laws 1975, ch. 293, § 13.