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2019 South Carolina Code of Laws
Title 10 - Public Buildings and Property
Chapter 9 - Minerals And Mineral Interests In Public Lands
Section 10-9-20. Minimum royalty.
Universal Citation: SC Code § 10-9-20 (2019)
No such lease shall provide for a royalty of less than twelve and one-half per cent of production of oil and gas from the lease.
HISTORY: 1962 Code Section 1-362; 1952 Code Section 1-362; 1944 (43) 1428; 2014 Act No. 121 (S.22), Pt V, Section 7.M, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.M, reenacted the section with no apparent change.
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