Alaska § 38.05.725 - Development and operation plans and unitization.
Full text of Alaska Alaska Statutes § 38.05.725 — Development and operation plans and unitization., with citation guidance and answers to common questions.
§ 38.05.725. Development and operation plans and unitization.
(a) The commissioner shall require the filing and approval of a plan of development and operation for a carbon storage lease.
(b) To prevent or assist in preventing waste, and to protect the correlative rights of persons owning interest in the tracts of land affected, with the approval of the commissioner, a group of lessees may validly integrate the lessees' interests to provide for the unitized management, development, and operation of the tracts of land as a unit. The commissioner may suspend or modify a development plan approved under (a) of this section in accordance with the unit agreement. In this subsection, “unit agreement” means an agreement by lessees with an interest in the unit, the state, and any other carbon storage lessor with an interest in the unit.
(c) A lease operated under a plan approved or prescribed by the commissioner under this section is excepted from determining holdings or control under AS 38.05.140 . The provisions of this section concerning cooperative or unit plans are in addition to and do not affect AS 31.05 and AS 41.06 .
Frequently Asked Questions About Alaska § 38.05.725
What does Alaska Statutes § 38.05.725 cover?
Section 38.05.725 ("Development and operation plans and unitization.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 38.05.725?
A common citation format is "Alaska Statutes § 38.05.725" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 38.05.725 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.