Louisiana Revised Statutes 31:138 – Required response of lessee to notice
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Terms Used In Louisiana Revised Statutes 31:138
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
The lessee shall have thirty days after receipt of the required notice within which to pay the royalties due or to respond by stating in writing a reasonable cause for nonpayment. The payment or nonpayment of the royalties or stating or failing to state a reasonable cause for nonpayment within this period has the following effect on the remedies of dissolution and damages.
Acts 1974, No. 50, §138, eff. Jan. 1, 1975.