§ 10-9-20

S.C. Code Ann. § 10-9-20

Minimum royalty

1962 Code Section 1-362; 1952 Code Section 1-362; 1944 (43) 1428.

Viewing an earlier, undated versionView current

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.

HISTORY: 1962 Code Section 1-362; 1952 Code Section 1-362; 1944 (43) 1428.