2005 Idaho Code - 47-323 — APPROVAL OF AGREEMENTS BY COMMISSION -- DEFENSE TO LITIGATION

                                  TITLE  47
                               MINES AND MINING
                                  CHAPTER 3
                        OIL AND GAS WELLS -- GEOLOGIC
                     INFORMATION, AND PREVENTION OF WASTE
    47-323.  APPROVAL OF AGREEMENTS BY COMMISSION -- DEFENSE TO LITIGATION. An
agreement for the unit or cooperative development or operation of a field,
pool, or part thereof, may be submitted to the commission 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 commission
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.