South Carolina § 48-43-360 - Submission of agreement for unit or cooperative development or operation to department.
Full text of South Carolina South Carolina Code of Laws § 48-43-360 — Submission of agreement for unit or cooperative development or operation to department., with citation guidance and answers to common questions.
§ 48-43-360. Submission of agreement for unit or cooperative development or operation to department.
An agreement for the unit or cooperative development or operation of a field, pool or part thereof may be submitted to the department for approval as being in the public interest or reasonably necessary to prevent waste or protect correlative rights. Such approval shall constitute a complete defense to any suit charging violation of any statute of the State relating to trusts and monopolies on account thereof or on account of operations conducted pursuant thereto. The failure to submit such an agreement to the department for approval shall not for that reason imply or constitute evidence that the agreement or operations conducted pursuant thereto are in violation of laws relating to trusts and monopolies.
HISTORY: 1977 Act No. 179, Part 1, SECTION 9; 1993 Act No. 181, SECTION 1236.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 48-43-360
What does South Carolina Code of Laws § 48-43-360 cover?
Section 48-43-360 ("Submission of agreement for unit or cooperative development or operation to department.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. 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 South Carolina § 48-43-360?
A common citation format is "South Carolina Code of Laws § 48-43-360" (South Carolina). 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 South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 48-43-360 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina 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 South Carolina.