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Indiana Code Title 32. Property § 32-23-9-1

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 1. A person, firm, limited liability company, or corporation that purchases crude oil that is pumped from an oil well in Indiana shall pay for the crude oil:

(1) not more than sixty (60) days after the date of the examination and approval of abstracts of title that are furnished by owners of interests and that show good title in the owners of interests;  and

(2) after the purchasers have received executed division orders from the owners of interests.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-23-9-1 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-23-9-1/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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