After discharge of the receiver, if it should become necessary for unit operating agreements, royalty unitization agreements, royalty pooling agreements, field unitization and repressure agreements, or other agreements and contracts relative thereto to be executed, the clerk of the court is authorized to petition the circuit court for the authority to execute the agreements, with notice to such persons, if any, as the court may direct.
Ark. Code Ann. § 15-56-309
Execution of agreements subsequent to discharge of receiver
Acts 1963, No. 85, § 15; A.S.A. 1947, § 52-213.1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.