Okla. Stat. tit. 52, § 52-549.11
This is the official text of Okla. Stat. tit. 52, § 52-549.11, 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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Rights of operator
Official statutory text
RIGHTS OF OPERATOR NOT IMPAIRED
This act does not impair an operator's right to be paid, set-off
or withhold funds from another interest owner as security for or in
satisfaction of any debt or security interest. In case of a dispute
between an operator and another interest owner, a good-faith tender
of funds by anyone operates as a tender of the funds to both in any
of the following circumstances:
1. To the person who the operator and other interest owner
jointly direct the first purchaser in writing to pay;
2. To a person who otherwise shows himself or herself to be the
one entitled to the funds; or
3. To a court of competent jurisdiction in the event of
litigation or bankruptcy.
This act does not impair an operator's right to be paid, set-off
or withhold funds from another interest owner as security for or in
satisfaction of any debt or security interest. In case of a dispute
between an operator and another interest owner, a good-faith tender
of funds by anyone operates as a tender of the funds to both in any
of the following circumstances:
1. To the person who the operator and other interest owner
jointly direct the first purchaser in writing to pay;
2. To a person who otherwise shows himself or herself to be the
one entitled to the funds; or
3. To a court of competent jurisdiction in the event of
litigation or bankruptcy.
Status: in_force · Read it on the official government site
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