South Dakota Codified Laws 45-9-50. Contract for sale or purchase of production from separately owned tract not terminated
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No division order or other contract relating to the sale or purchase of production from a separately owned tract may be terminated by the order providing for unit operations, but shall remain in force and apply to oil and gas allocated to the tract until terminated in accordance with the provisions of the order or contract.
Terms Used In South Dakota Codified Laws 45-9-50
- Contract: A legal written agreement that becomes binding when signed.
Source: SDC Supp 1960, § 42.0710 (10) as enacted by SL 1961, ch 211, § 1; SL 2011, ch 165, § 246.