Arizona Statutes

§ 27-563 — Payment of noncompetitive lease royalties in kind or cash

Arizona § 27-563
JurisdictionArizona
Title 27Arizona Revised Statutes
Ch. 4OIL AND GAS
Art. 2Lease of State Lands for Oil and Gas

This text of Arizona § 27-563 (Payment of noncompetitive lease royalties in kind or cash) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ariz. Rev. Stat. Ann. § 27-563 (2026).

Text

Royalties payable to this state under section 27-555, subsection B are payable in kind or in cash at the option and demand of the department. The lessee shall pay royalties in cash unless the department elects to receive royalty oil in kind pursuant to this article. The commissioner shall base this determination on what is in the best interest of the trust.

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Bluebook (online)
Arizona § 27-563, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/27-563.