This form creates an Area of Mutual Interest ( AMI ) comprising the Contract Area. During the term of this AMI, if any Party acquires all or any interest in any Oil and Gas Leases, any mineral interest, or any farmouts or other contracts which affect lands and minerals lying within the AMI, the Acquiring Party shall promptly advise each of the other Parties of the acquisition, at which time each Offeree shall have the right to acquire its proportionate interest in the Oil and Gas Interest.
Wisconsin Area of Mutual Interest
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Multi-State
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US-OG-695
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FAQ
Civil Statutes of Limitations Generally Wisconsin's statutes of limitations range from two to six years depending on the type of case. The statutory clock starts ticking typically on the date of the incident or the discovery of the harm.
PROPERTY DAMAGE OR DEATH Under Wisconsin law, the statute of limitations in an action to recover for property damage is generally six years after the cause of action accrues.
The Uniform Commercial Code and Wisconsin case law recognize exceptions to the statute of frauds, including waiver and performance. An attempt at modification contemplates a completed oral modification of a written contract that prohibits oral modification.
Do I need to pay state or federal taxes on the interest income earned on the bond? Because U.S. savings bonds are issued by the federal government you do not have to pay state tax or local taxes on the earned interest on your Wisconsin income tax return.
66.0301 Intergovernmental cooperation. (a) Except as provided in pars. (b) and (c), in this section ?municipality" means the state or any department or agency thereof, or any city, village, town, county, or school district, the opportunity schools and partnership programs under subch.
Wisconsin Legislature: 66.0304. (a) Any 2 municipalities whose boundaries are immediately adjacent at any point may enter into a written agreement determining all or a portion of the common boundary line between the municipalities.
However, interest earned on specific state and municipal bond obligations is exempt from Wisconsin and federal income tax.
(1) An action for breach of any contract for sale must be commenced within 6 years after the cause of action has accrued. By the original agreement the parties, if they are merchants, may reduce the period of limitation to not less than one year.