<html> <head> <title>Rule 04:01:05:03 Royalty in kind.</title> <META NAME="Keywords" Content="Administrative Rules 04:01:05:03"> <META NAME="Description" Content="Administrative Rules 04:01:05:03 Royalty in kind."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>4:01:05:03.&nbsp;&nbsp;Royalty in kind.</b> At the option of the commissioner, the commissioner may take the royalty for a sand and gravel lease in kind. If the commissioner does, the lessee shall deliver the royalty sand, gravel, or other material to the commissioner on the leased premises in a manner agreed upon prior to the removal of the sand, gravel, or other material.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 11 SDR 8, effective July 22, 1984.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-2-7">5-2-7.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-2-5">5-2-5</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-2-7">5-2-7.</A></p> </div> </body> </html>