Ark. Code Ann. § 15-76-301

Declaration of policy

Applied in 1 court decision — leading case 2 F. Supp. 2d 1192 - Deltic Timber Corp. v. Great Lakes Chemical Corp. (1998)

Most recently applied in 2 F. Supp. 2d 1192 - Deltic Timber Corp. v. Great Lakes Chemical Corp. (April 1998)

Acts 1979, No. 937, § 1; A.S.A. 1947, § 53-1301.

It is declared to be in the public interest to:

(1) Foster, encourage, and promote the development and production in the state of the natural resource of brine;

(2) Authorize and provide for the operation and development of brine properties in such a manner that the greatest ultimate recovery of brine, and the chemical substances contained therein, is had and that the correlative rights of all owners are fully protected;

(3) Authorize and provide for the formation of units for the production of brine in order that the greatest possible economic recovery of brine, and the chemical substances contained therein, is obtained within the state; and

(4) Empower with and delegate to the Oil and Gas Commission the authority to administer and enforce all provisions of this subchapter.

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.