§68-2385.25. Definitions.

68 OK Stat § 68-2385.25 (2019) (N/A)
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As used in this section through Section 2385.28 of this title:

1. “Oil” and “gas” shall be defined as such terms are defined in Section 1001.2 of this title;

2. “Remitter” means any person who distributes revenue to royalty interest owners; and

3. “Royalty interest owner” means any person who retains a non-working interest in oil or gas production.

Added by Laws 2000, c. 315, § 6, eff. Oct. 1, 2000. Amended by Laws 2001, c. 402, § 3, eff. July 1, 2001.