Section 45-9-30 - Two or more separately owned tracts or interests embraced within spacing unit--Pooling of interests

45-9-30. Two or more separately owned tracts or interests embraced within spacing unit--Pooling of interests.When two or more separately owned tracts are embraced within a spacing unit, or when there are separately owned interests in all or a part of the spacing unit, then the owners and royalty owners thereof may pool their interests for the development and operation of the spacing unit. Source: SL 1953, ch 220, §1; SDC Supp 1960, §42.0706 (3) (o) (5); SDC Supp 1960, §42.0709 (1) as enacted by SL 1961, ch 211, §1.