An oil and gas lease issued under this subchapter shall provide for the extension of the lease by the payment of shut-in royalties on terms as the board may adopt.
Tex. Educ. Code § 66.73
SHUT-IN ROYALTY
Amended by Acts 1997, 75th Leg., ch. 1324, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.