Indiana Statutes
§ 32-23-9-1 — Time for payment
Indiana·Title 32 PROPERTY·Art. 23 CONVEYANCE OF PROPERTY INTERESTS·Ch. 9 Oil and Gas: Purchase of and Payment for Crude Oil
A person, firm, limited liability company, or corporation that purchases crude oil that is pumped from an oil well in Indiana shall pay for the crude oil:
(1)not more than sixty (60) days after the date of the examination
and approval of abstracts of title that are furnished by owners of
interests and that show good title in the owners of interests; and
(2)after the purchasers have received executed division orders
from the owners of interests.
[Pre-2002 Recodification Citation: 32-5-9-1 part.]
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Legislative History
As added by P.L.2-2002, SEC.8. Amended by P.L.86-2018,
SEC.226.
Nearby Sections
15
§ 32-16-1-1
"Prior property law"§ 32-16-1-2
Purpose of recodification§ 32-16-1-3
Statutory construction of recodification§ 32-16-1-4
Effect of recodification§ 32-16-1-5
Recodification of prior property law§ 32-16-1-6
References to repealed statutes§ 32-16-1-7
References to citations§ 32-16-1-8
References to prior rules§ 32-16-1-9
References to prior property law§ 32-17-1-1
"Grantor"§ 32-17-1-2
Fee simple conveyance§ 32-17-1-3
Estates tail; abolition§ 32-17-1-4
Lineal and collateral warranties; abolition§ 32-17-10-1
Application of chapter