RS 31:126 - TRANSACTIONS INVOLVING THE LESSEE'S INTEREST

LA Rev Stat § 31:126 (2018) (N/A)
Copy with citation
Copy as parenthetical citation

PART 5. TRANSACTIONS INVOLVING THE LESSEE'S INTEREST

§126. Interests created out of lessee's interest dependent thereon and not prescriptible

An interest created out of the mineral lessee's interest is dependent on the continued existence of the lease and is not subject to the prescription of nonuse.

Acts 1974, No. 50, §126, eff. Jan. 1, 1975.