Oklahoma § 52-523

§ 52-523.

Costs.

Negotiations by receiver - Deposit of funds - Discharge -

Oklahoma Statutes - Title 52. Oil and Gas

Such receiver shall proceed immediately to enter into

negotiations with prospective purchasers and shall sell an oil and

gas lease on the interest of the defendant or defendants, said lease

to be for a primary term of not to exceed five (5) years from date

and as long thereafter as oil and gas, or either of them, is

produced in paying quantities from said land by the lessee. Said

lease shall not be sold for less than the minimum bonus, rentals and

royalties specified in the order of the court. All monies paid to

the receiver shall be by him deposited in the registry of the court

for the use and benefit of the defendants and thereupon the court

shall immediately discharge such receiver, and any future payments

paid under said oil and gas lease shall be paid directly into the

registry of the court and held for the use and benefit of the

defendant or defendants. The cost of the receiver and the court

cost shall be affixed by the court and shall be paid by the

plaintiff.

Added by Laws 1968, c. 264, § 3, emerg. eff. April 29, 1968.

Amended by Laws 1969, c. 114, § 1.