North Dakota § 38-08-09.12 Receipts as income

North Dakota Statutes

§ 38-08-09.12 — Receipts as income

North Dakota § 38-08-09.12

Title 38Mining and Gas and Oil Production

Ch. 38-08Control of Gas and Oil Resources

This text of North Dakota § 38-08-09.12 (Receipts as income) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 38-08-09.12 (2026).

Text

Neither the unit production, nor proceeds from the sale thereof, nor other receipts may be
treated, regarded, or taxed as income or profits of the unit; but instead, all such receipts are the
income of the several persons to whom or to whose credit the same are payable under the plan
of unitization. To the extent the unit may receive or disburse said receipts, it shall only do so as
a common administrative agent of the persons to whom the same are payable.

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Neither the unit production, nor proceeds from the sale thereof, nor other receipts may be
treated, regarded, or taxed as income or profits of the unit; but instead, all such receipts are the
income of the several persons to whom or to whose credit the same are payable under the plan
of unitization. To the extent the unit may receive or disburse said receipts, it shall only do so as
a common administrative agent of the persons to whom the same are payable.