New Mexico Statutes
§ 70-7-13 — Income from unitized substances
The portion of the unit production allocated to any tract, and the proceeds from the sale thereof, shall be the property and income of the several persons to whom, or to whose credit, the same are allocated or payable under the order providing for unit operations.
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Legislative History
1953 Comp., § 65-14-13, enacted by Laws 1975, ch. 293, § 13.
Nearby Sections
15
§ 70-10-1
Short title§ 70-10-2
Definitions§ 70-10-3.1
Duty to locate§ 70-10-4
Interest on late payments§ 70-10-5
Application; penalty§ 70-10-6
Attorneys' fees§ 70-11-1
Purpose§ 70-11-2
Office created; duties§ 70-11-3
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