2006 Louisiana Laws - RS 30:186 — Distribution of funds

§186.  Distribution of funds

A.  Within a reasonable time after the receipt of any funds received under or on account of any such oil, gas or other mineral lease as rental, bonus, royalty or otherwise, the State Mineral Board shall deposit in the registry of the district court having jurisdiction in the parish wherein said property is situated, or, if said property be situated in more than one parish, then in the registry of any district court having jurisdiction over any parish wherein a part of said immovable property is situated, all of the funds so received, less and except sums authorized to be deducted by the mineral board under R.S. 30:188, and shall thereafter be relieved of all liability for the payment of such funds upon complying with the requirements of R.S. 30:187.

B.  Any such funds that the State Mineral Board presently possesses shall be deposited in the registry of the court as set out in Subsection A of this Section within a reasonable time after July 8, 1960.

Acts 1952, No. 513, §6.  Amended by Acts 1960, No. 358, §1.