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2018 Louisiana Laws
Civil Code
CC 3172 - Surplus or deficiency after sale
Universal Citation: LA Civ Code 3172 (2018)
Art. 3172. Pledge of mineral payments by owner of land or holder of mineral servitude
By express provision in a contract establishing a pledge, the owner of land or holder of a mineral servitude may pledge bonuses, delay rentals, royalties, and shut-in payments arising from mineral leases, as well as other payments that are classified as rent under the Mineral Code. Other kinds of payments owing under a contract relating to minerals are not susceptible of pledge under this Title.
Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
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