Nev. Rev. Stat. § 522.024

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 522.024 - "Division order" defined

"Division order" means a written instrument executed for the purpose of:

1. Directing the distribution of the proceeds from the sale of the production from an oil or gas well among the owners of the interests in that production;

2. Setting forth the name and address of each of those owners; and

3. Enabling the purchaser of the production from an oil or gas well who is responsible for the distribution to make remittance directly to each of those owners.

NRS 522.024

Added to NRS by 1991, 960