Nevada § 522.0848 - Transfer of title to tracts and leases not required; proceeds and production are income of owners
Full text of Nevada Nevada Revised Statutes § 522.0848 — Transfer of title to tracts and leases not required; proceeds and production are income of owners, with citation guidance and answers to common questions.
§ 522.0848. Transfer of title to tracts and leases not required; proceeds and production are income of owners
1. This chapter does not require a transfer to or vesting in the unit of title to
the separately owned tracts or leases within the unit area, other than the right to
use and operate them to the extent set out in the plan of unitization; nor may the
unit be regarded as owning the unit production. The unit production and the proceeds from the sale thereof are owned by the several
persons to whom they are allocated under the plan of unitization. 2. Neither the unit production or proceeds from the sale thereof, nor the other receipts
may be treated or taxed as income or profits of the unit; but instead, all such receipts
are the income of the several persons to whom or to whose credit they are payable
under the plan of unitization. To the extent the unit may receive or disburse the receipts it shall only do so as
a common administrative agent of the persons to whom they are payable.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 522.0848
What does Nevada Revised Statutes § 522.0848 cover?
Section 522.0848 ("Transfer of title to tracts and leases not required; proceeds and production are income of owners") 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 § 522.0848?
A common citation format is "Nevada Revised Statutes § 522.0848" (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 § 522.0848 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.