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2017 Louisiana Laws
Revised Statutes
TITLE 31 - Mineral Code
RS 31:125 - Amount of royalties relevant to reasonableness of lessee's expectation
Universal Citation: LA Rev Stat § 31:125 (2017)
§125. Amount of royalties relevant to reasonableness of lessee's expectation
In applying Article 124, the amount of the royalties being paid may be considered only insofar as it may show the reasonableness of the lessee's expectation in continuing production. The amount need not be a serious or adequate equivalent for continuance of the lease as compared with the amount of the bonus, rentals, or other sums paid to the lessor.
Acts 1974, No. 50, §1, eff. Jan. 1, 1975.
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