There is a newer version
of
this Statute
2017 Louisiana Laws
Revised Statutes
TITLE 31 - Mineral Code
RS 31:80 - THE MINERAL ROYALTY
Universal Citation: LA Rev Stat § 31:80 (2017)
CHAPTER 5. THE MINERAL ROYALTY
PART 1. THE NATURE OF THE MINERAL ROYALTY
§80. Nature of mineral royalty
A mineral royalty is the right to participate in production of minerals from land owned by another or land subject to a mineral servitude owned by another. Unless expressly qualified by the parties, a royalty is a right to share in gross production free of mining or drilling and production costs.
Acts 1974, No. 50, §80, eff. Jan. 1, 1975.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
