Code · Louisiana · Title 31 — Mineral Code

RS 31:109

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

RS 31:109

§109. Obligation of owner of executive interest

The owner of an executive interest is not obligated to grant a mineral lease, but in doing so, he must act in good faith and in the same manner as a reasonably prudent landowner or mineral servitude owner whose interest is not burdened by a nonexecutive interest.

Acts 1974, No. 50, §109, eff. Jan. 1, 1975.