sec.78KRetention of security after 1923 Act petroleum tenure ends

### sec.78K Retention of security after 1923 Act petroleum tenure ends Security, or part of security, given for a 1923 Act petroleum tenure may be kept for 1 year after the tenure has ended. Also, if a claim made for the use of the security has not been assessed, an appropriate amount of the security to meet the claim may be kept until the claim has been assessed. s 78K ins 2004 No. 26 s 46 (sec.78K-ssec.1) Security, or part of security, given for a 1923 Act petroleum tenure may be kept for 1 year after the tenure has ended. (sec.78K-ssec.2) Also, if a claim made for the use of the security has not been assessed, an appropriate amount of the security to meet the claim may be kept until the claim has been assessed.