27-569. Prohibitions on resale
Sale of royalty oil under this article is for processing or use in the purchaser's
refineries but not for resale in kind. Agreements providing for the exchange of refinery
charge stocks on a volume or equivalent value basis are not a resale in kind prohibited
by this section. If an exchange agreement has been entered into or is contemplated with
regard to royalty oil available for sale, full information relating to such fact shall be
furnished to the department either at the time of filing applications to purchase royalty
oil or with the submission of a bid.
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