Oklahoma § 52-549.11
Full text of Oklahoma Oklahoma Statutes § 52-549.11, with citation guidance and answers to common questions.
§ 52-549.11.
Rights of operator.
RIGHTS OF OPERATOR NOT IMPAIRED
This act does not impair an operator's right to be paid, set-off
or withhold funds from another interest owner as security for or in
satisfaction of any debt or security interest. In case of a dispute
between an operator and another interest owner, a good-faith tender
of funds by anyone operates as a tender of the funds to both in any
of the following circumstances:
1. To the person who the operator and other interest owner
jointly direct the first purchaser in writing to pay;
2. To a person who otherwise shows himself or herself to be the
one entitled to the funds; or
3. To a court of competent jurisdiction in the event of
litigation or bankruptcy.
Added by Laws 2010, c. 142, § 11, emerg. eff. April 19, 2010.
Oklahoma Statutes - Title 52. Oil and Gas
Frequently Asked Questions About Oklahoma § 52-549.11
What does Oklahoma Statutes § 52-549.11 cover?
Section 52-549.11 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 § 52-549.11?
A common citation format is "Oklahoma Statutes § 52-549.11" (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 § 52-549.11 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.