Nevada Revised Statutes 522.024 – ‘Division order’ defined
Current as of: 2023 | Check for updates
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‘Division order’ means a written instrument executed for the purpose of:
1. Directing the distribution of the proceeds from the sale of the production from an oil or gas well among the owners of the interests in that production;
2. Setting forth the name and address of each of those owners; and
3. Enabling the purchaser of the production from an oil or gas well who is responsible for the distribution to make remittance directly to each of those owners.
