§ 15-56-309 — Execution of agreements subsequent to discharge of receiver

After discharge of the receiver, if it should become necessary for unit operating agreements, royalty unitization agreements, royalty pooling agreements, field unitization and repressure agreements, or other agreements and contracts relative thereto to be executed, the clerk of the court is authorized to petition the circuit court for the authority to execute the agreements, with notice to such persons, if any, as the court may direct.

Legislative History

Acts 1963, No. 85, § 15; A.S.A. 1947, § 52-213.1.