2021 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§2991.10. Prohibited terms
RS 2991.10 - Prohibited terms
The following provisions, if included in or accompanying an instrument evidencing a sale of mineral rights by mail solicitation, are absolutely null:
(1) A provision requiring the agreement to be governed or interpreted by the laws of another jurisdiction or requiring a suit to be brought in a forum or jurisdiction outside of this state.
(2) A provision stipulating any venue to the extent inconsistent with the applicable provisions of the Code of Civil Procedure.
(3) A provision requiring the transferor to indemnify the transferee for any loss related to the transferor's right to rescind.
(4) A provision authorizing the transferee to act as a mandatary of the transferor.
(5) A provision that excludes, limits, waives, or otherwise modifies the obligations of the transferee described in this Part.
Acts 2016, No. 179, §1, eff. May 19, 2016.
