No such lease shall provide for a royalty of less than twelve and one-half per cent of production of oil and gas from the lease.
S.C. Code Ann. § 10-9-20
Minimum royalty
1962 Code SECTION 1-362; 1952 Code SECTION 1-362; 1944 (43) 1428; 2014 Act No. 121 (S.22), Pt V, SECTION 7.M, eff July 1, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.