Louisiana Code of Civil Procedure 4268 – Lease of minor’s property; mineral contracts
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Terms Used In Louisiana Code of Civil Procedure 4268
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
When it appears to the best interest of the minor, and after compliance with Article 4271, the court may authorize a tutor to grant a lease upon property of the minor. The term of the lease may extend beyond the anticipated duration of the tutorship.
In addition to the requirements of Article 4271, the petition of the tutor shall set forth the terms and conditions of the proposed lease.
This article applies to mineral leases.
A tutor may execute such other contracts as are authorized by law affecting the whole or any part of the share of his ward in oil, gas, or other minerals, either discovered or undiscovered in the manner provided herein.
Amended by Acts 1974, No. 133, §1.