2006 Louisiana Laws - RS 31:170 — Right of co-owner of mineral servitude to create mineral royalties
SUBPART B. CREATION OF DEPENDENT MINERAL RIGHTS BY
CO-OWNERS OF MINERAL RIGHTS
§170. Right of co-owner of mineral servitude to create mineral royalties
A co-owner of a mineral servitude may create a mineral royalty out of his undivided interest in the servitude and prescription of nonuse commences from the date of its creation. The consent of the co-owner of the party creating the royalty is not necessary to entitle the royalty owner to receive his proportionate part of production.
Acts 1974, No. 50, §170, eff. Jan. 1, 1975.
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