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