522.084 - Plan of unitization: Modification; approval of owners not required in certain circumstances. - Nevada Statutes

522.084  Plan of unitization: Modification; approval of owners not required in certain circumstances.  The unit area of a unit may be enlarged to include adjoining portions of the same pool, including the unit area of another unit, and a new unit created for the unitized management, operation and further development of the enlarged unit area, or the plan of unitization may be otherwise amended, all in the same manner, upon the same conditions and subject to the same limitations as provided in NRS 522.082 to 522.0878, inclusive, with respect to the creation of a unit in the first instance, except that where the amendment to the plan of unitization relates only to the rights and obligations as between lessees the requirement that it be signed, ratified and approved by royalty owners of record of not less than 62.5 percent of the unit area does not apply.

      (Added to NRS by 1983, 2077)