Section 45-9-48 - Order of Board of Minerals and Environment for unit operation--Ownership of portion of production allocated and proceeds of sale

45-9-48. Order of Board of Minerals and Environment for unit operation--Ownership of portion of production allocated and proceeds of sale.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. Source: SDC Supp 1960, §42.0710 (9) as enacted by SL 1961, ch 211, §1.