Oregon Statutes 324.510 – Content of statement or settlement sheet
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All statements or settlement sheets for oil or gas shall have stamped or written thereon the following words: ‘Gross production tax deducted and paid, and payee accepts such deduction and authorizes payment to the State of Oregon.’ [1981 c.889 § 17]
Terms Used In Oregon Statutes 324.510
- Gas: means natural gas and casinghead gas. See Oregon Statutes 324.050
- Oil: means petroleum, crude oil, mineral oil and casinghead gas. See Oregon Statutes 324.050
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.