Arizona § 27-567 - Sales of royalty oil
Full text of Arizona Arizona Revised Statutes § 27-567 — Sales of royalty oil, with citation guidance and answers to common questions.
§ 27-567. Sales of royalty oil
A. The royalty oil which the department receives pursuant to an election under section 27-564 shall be offered for sale by the department at 10:00 a.m. on the date of delivery of the royalty oil to the department.
B. The application fee and procedure for sale shall be as prescribed by title 37, chapter 2 for the sales of state lands.
C. The department shall determine the quantity of royalty oil to be included in each sale, except that for a sale pursuant to an application by an Arizona refinery business, the quantity of each sale shall be the same quantity as applied for in each application.
D. The minimum sales price for the royalty oil shall be the fair market price for the royalty oil on the date of sale.
E. The highest and best bidder is the bidder who offers to pay the greatest amount of money for the royalty oil. If all bidders offer the same amount for the royalty oil, the Arizona refinery business which applied for the royalty oil shall be declared the highest and best bidder.
F. The department shall declare the highest and best bidder at the conclusion of the public auction. The commissioner may reject any or all bids offered for the royalty oil at the public auction prior to the acceptance of a final bid, if any, when the commissioner determines that such action is necessary to protect the trust. A person adversely affected by a decision may appeal the decision to the board of appeals as provided in section 37-215.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 27-567
What does Arizona Revised Statutes § 27-567 cover?
Section 27-567 ("Sales of royalty oil") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. 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 Arizona § 27-567?
A common citation format is "Arizona Revised Statutes § 27-567" (Arizona). 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 Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 27-567 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona 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 Arizona.