Louisiana Revised Statutes 31:140 – Effect of nonpayment in response to notice or failure to state cause therefor
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 31:140
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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
If the lessee fails to pay royalties due or fails to inform the lessor of a reasonable cause for failure to pay in response to the required notice, the court may award as damages double the amount of royalties due, interest on that sum from the date due, and a reasonable attorney’s fee regardless of the cause for the original failure to pay royalties. The court may also dissolve the lease in its discretion.
Acts 1974, No. 50, §140, eff. Jan. 1, 1975.