Oklahoma § 52-549.9
Full text of Oklahoma Oklahoma Statutes § 52-549.9, with citation guidance and answers to common questions.
§ 52-549.9.
Waiver, relinquishment, release.
WAIVER
No interest owner shall be required, as a condition or term of
an agreement to sell or otherwise, to waive, relinquish or release
any oil and gas lien or any rights under this act other than upon
payment in full of the sales price or agree to any provision that
would apply the law of any state other than the State of Oklahoma
insofar as the same relates to rights under this act, and any such
purported waiver, relinquishment, release, or provision shall be
void as a matter of the public policy of this state.
Notwithstanding the preceding sentence, any interest owner or a
representative acting on behalf of an interest owner, may waive,
relinquish or release any oil and gas lien or any rights under this
act or agree to a provision that would apply the law of any state
other than the State of Oklahoma insofar as the same relates to
rights under this act only as to such interest owner’s oil and gas
rights provided the first purchaser either:
1. Posts a letter of credit in form and amount satisfactory to
the interest owner, or a representative acting on behalf of an
interest owner; or
2. Agrees to a binding contractual arrangement satisfactory in
form and substance to the interest owner, or a representative acting
on behalf of an interest owner to prepay or escrow the sales price
under an agreement to sell in form and substance satisfactory to the
interest owner and performs all of the first purchaser’s obligations
thereunder.
Added by Laws 2010, c. 142, § 9, emerg. eff. April 19, 2010.
Frequently Asked Questions About Oklahoma § 52-549.9
What does Oklahoma Statutes § 52-549.9 cover?
Section 52-549.9 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 § 52-549.9?
A common citation format is "Oklahoma Statutes § 52-549.9" (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 § 52-549.9 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.