2018 Louisiana Laws
Revised Statutes
TITLE 31 - Mineral Code
RS 31:109 - Obligation of owner of executive interest

Universal Citation: LA Rev Stat § 31:109 (2018)

§109. Obligation of owner of executive interest

The owner of an executive interest is not obligated to grant a mineral lease, but in doing so, he must act in good faith and in the same manner as a reasonably prudent landowner or mineral servitude owner whose interest is not burdened by a nonexecutive interest.

Acts 1974, No. 50, §109, eff. Jan. 1, 1975.

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