Nevada § 120A.097 - ‘‘Mineral proceeds’’ defined
Full text of Nevada Nevada Revised Statutes § 120A.097 — ‘‘Mineral proceeds’’ defined, with citation guidance and answers to common questions.
§ 120A.097. ‘‘Mineral proceeds’’ defined
“ Mineral proceeds ” means amounts payable for the extraction, production or sale of minerals or, upon
the abandonment of those payments, all payments that become payable thereafter. The term includes, without limitation, amounts payable: 1. For the acquisition and retention of a mineral lease, including bonuses, royalties,
compensatory royalties, shut-in royalties, minimum royalties and delay rentals; 2. For the extraction, production or sale of minerals, including net revenue interests,
royalties, overriding royalties, extraction payments and production payments; and 3. Under an agreement or option, including a joint operating agreement, unit agreement,
pooling agreement and farm-out agreement.
Frequently Asked Questions About Nevada § 120A.097
What does Nevada Revised Statutes § 120A.097 cover?
Section 120A.097 ("‘‘Mineral proceeds’’ defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 120A.097?
A common citation format is "Nevada Revised Statutes § 120A.097" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 120A.097 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.