Okla. Stat. tit. 52, § 52-287.12
This is the official text of Okla. Stat. tit. 52, § 52-287.12, part of Oklahoma’s Stat. tit. 52, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 52,." Browse the sections below, each linked to its official government source.
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Receipts as income
Official statutory text
Neither the unit production or proceeds from the sale thereof,
nor other receipts shall be treated, regarded, or taxed as income or
profits of the unit; but instead, all such receipts shall be the
income of the several persons to whom or to whose credit the same
Oklahoma Statutes - Title 52. Oil and Gas Page 141
are payable under the plan of unitization. To the extent the unit
may receive or disburse said receipts it shall only do so as a
common administrative agent of the persons to whom the same are
payable.
nor other receipts shall be treated, regarded, or taxed as income or
profits of the unit; but instead, all such receipts shall be the
income of the several persons to whom or to whose credit the same
Oklahoma Statutes - Title 52. Oil and Gas Page 141
are payable under the plan of unitization. To the extent the unit
may receive or disburse said receipts it shall only do so as a
common administrative agent of the persons to whom the same are
payable.
Status: in_force · Read it on the official government site
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