South Carolina § 10-9-20 Minimum royalty.

South Carolina Statutes

§ 10-9-20 — Minimum royalty.

South Carolina·Title 10 PUBLIC BUILDINGS AND PROPERTY·Ch. 9 MINERALS AND MINERAL INTERESTS IN PUBLIC LANDS

No such lease shall provide for a royalty of less than twelve and one-half per cent of production of oil and gas from the lease.

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South Carolina § 10-9-20 (Minimum royalty.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 1-362; 1952 Code SECTION 1-362; 1944 (43) 1428; 2014 Act No. 121 (S.22), Pt V, SECTION 7.M, eff July 1, 2015. Effect of Amendment 2014 Act No. 121, SECTION 7.M, reenacted the section with no apparent change.

Nearby Sections

15

§ 10-9-10

Leases of gas, oil, and certain other minerals.

§ 10-9-110

Department of Health and Environmental Control has exclusive control of the state's phosphate interest.

§ 10-9-120

Protection of the state's interest against adverse claimants.

§ 10-9-130

Department may issue leases or licenses; notice of applications.

§ 10-9-140

Department may grant or refuse application for license.

§ 10-9-150

Bond of licensee.

§ 10-9-160

Additional security to bonds may be required.

§ 10-9-170

Proceeding for relief of sureties; new bond and its effect.

§ 10-9-180

Power to fix and change rates for digging phosphate.

§ 10-9-190

Returns of rock mined; payment of royalty; rate of royalty.

§ 10-9-20

Minimum royalty.

§ 10-9-200

Comptroller General notified of licenses issued.

§ 10-9-210

Mining without license; penalty.

§ 10-9-220

Purchasing or receiving from unlicensed person.

§ 10-9-230

Penalty for violation of SECTION 10-9-220.

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