Section 45-9-47 - Order of board for unit operation--Express or implied obligations of contractcovering land in unit area, fulfillment by conducting operations under order. - South Dakota Statutes

45-9-47. Order of board for unit operation--Express or implied obligations of contract covering land in unit area, fulfillment by conducting operations under order. Operations conducted pursuant to an order of the Board of Minerals and Environment providing for unit operations shall constitute a fulfillment of all the express or implied obligations of each lease or contract covering lands in the unit area to the extent that compliance with such obligations cannot be had because of the order of the board.

Source: SDC Supp 1960, § 42.0710 (8) as enacted by SL 1961, ch 211, § 1.