An operator under the 1981 Canadian Association of Petroleum Landmen Operating Procedure held funds received from the non-operators in trust given the aspects of the agreement suggesting a fiduciary relationship including the prohibition on the operator using excess funds and revenues for its own use, and notwithstanding the permission accorded to the operator to commingle its own funds with those of the non-operators.
Topics and taglines
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333378
Extra import data
{
"field_legacy_header": "<strong><em>Bank of Nova Scotia v. Societé General (Canada)</em></strong>, [1988] 4 WWR 232 (Alta. C.A.)",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}
"field_legacy_header": "<strong><em>Bank of Nova Scotia v. Societé General (Canada)</em></strong>, [1988] 4 WWR 232 (Alta. C.A.)",
"field_override_history": false,
"field_sid": "",
"field_topic_category": "seealso"
}