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

RS 30:220

79 words·~1 min read·/la/title-30/30-370

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RS 30:220
§220. Interlocutory decree for sale of sequestered oil
Prior to the release on bond, the judge may on application by either party after hearing, issue an interlocutory decree ordering the sheriff to sell the minerals at the highest market price then obtainable and to deposit the proceeds in a separate account in a bank to be designated by the court. The bank paying the highest rate of interest pending the litigation shall be selected by the judge.
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