North Dakota § 35-37-05 Rights of first purchasers

North Dakota Statutes

§ 35-37-05 — Rights of first purchasers

North Dakota·Title 35 Liens·Ch. 35-37 Oil and Gas Owner's Sales Liens

Neither this chapter nor the filing of a lien permitted under this chapter affects the time at
which legal title to the oil and gas may pass from an interest owner or operator to a first
purchaser or the ownership of the oil and gas before severed as reflected by the records
affecting real property or the right of a first purchaser to take or receive oil and gas under the
terms of a division order or similar agreement for the sale and purchase of oil or gas.
Notwithstanding this chapter, a first purchaser or purchaser is free to transport products out of
the state and to sell the products without permission or release of lien.

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Neither this chapter nor the filing of a lien permitted under this chapter affects the time at
which legal title to the oil and gas may pass from an interest owner or operator to a first
purchaser or the ownership of the oil and gas before severed as reflected by the records
affecting real property or the right of a first purchaser to take or receive oil and gas under the
terms of a division order or similar agreement for the sale and purchase of oil or gas.
Notwithstanding this chapter, a first purchaser or purchaser is free to transport products out of
the state and to sell the products without permission or release of lien.

North Dakota § 35-37-05 (Rights of first purchasers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.