All purchasers of oil and gas shall pay to the royalty interest the same premium or bonus above the posted market price for oil or gas they pay to the leaseholder or working interest under any oil, gas, or mineral lease on lands from which oil or gas may be purchased under contract with the lease owner or operator.
Ark. Code Ann. § 15-74-703
Entitlement of royalty interests to premiums and bonuses
Acts 1929, No. 222, § 1; Pope's Dig., § 10498; A.S.A. 1947, § 53-509.
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.