2018 Louisiana Laws
Revised Statutes
TITLE 31 - Mineral Code
RS 31:171 - Right of co-owner of mineral lease to create dependent rights

Universal Citation: LA Rev Stat § 31:171 (2018)

§171. Right of co-owner of mineral lease to create dependent rights

A co-owner of the lessee's interest in a mineral lease may create a dependent right such as an overriding royalty, production payment, net profits interest, or other non-operating interest out of his undivided interest without the consent of his co-owner. He may also transfer all or part of his undivided interest.

Acts 1974, No. 50, §171, eff. Jan. 1, 1975.

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