§ 33.3. Royalty guaranteed
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 58 P.S. Oil and GasEffective: September 9, 2013
Effective: September 9, 2013
58 P.S. § 33.3
Formerly cited as PA ST 58 P.S. § 33
§ 33.3. Royalty guaranteed
A lease or other such agreement conveying the right to remove or recover oil, natural gas or gas of any other designation from the lessor to the lessee shall not be valid if the lease does not guarantee the lessor at least one-eighth royalty of all oil, natural gas or gas of other designations removed or recovered from the subject real property.
Credits
1979, July 20, P.L. 183, No. 60, § 1.3, added 2013, July 9, P.L. 473, No. 66, § 2, effective in 60 days [Sept. 9, 2013].
58 P.S. § 33.3, PA ST 58 P.S. § 33.3
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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