Code · Louisiana · Title 30 — Minerals, Oil, and Gas and Environmental Quality

RS 30:1176

99 words·~1 min read·/la/title-30/30-1002

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

RS 30:1176

PART III. THE LESSOR'S PRIVILEGE

§1176. Lessor's privilege

The lessor of a renewable energy lease has, for the payment of his rent and other obligations of the lease, a privilege on all equipment, machinery, and other property of the lessee on or attached to the property leased. The right also extends to equipment, machinery, and other property of a sublessee on or attached to the property leased, but only to the extent that the sublessee is indebted to his sublessor at the time the lessor exercises his right.

Acts 2023, No. 455, §1, eff. June 28, 2023.