Oklahoma § 52-287.12 - Receipts as income
Full text of Oklahoma Oklahoma Statutes § 52-287.12 — Receipts as income, with citation guidance and answers to common questions.
§ 52-287.12. Receipts as income
Neither the unit production or proceeds from the sale thereof,
nor other receipts shall be treated, regarded, or taxed as income or
profits of the unit; but instead, all such receipts shall be the
income of the several persons to whom or to whose credit the same
Oklahoma Statutes - Title 52. Oil and Gas
are payable under the plan of unitization. To the extent the unit
may receive or disburse said receipts it shall only do so as a
common administrative agent of the persons to whom the same are
payable.
Added by Laws 1951, p. 141, § 12, emerg. eff. May 26, 1951.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 52-287.12
What does Oklahoma Statutes § 52-287.12 cover?
Section 52-287.12 ("Receipts as income") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 52-287.12?
A common citation format is "Oklahoma Statutes § 52-287.12" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 52-287.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.