Louisiana Revised Statutes 31:110 – Lease in violation of obligation valid; right of nonexecutive to damages
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Terms Used In Louisiana Revised Statutes 31:110
- 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
A mineral lease granted in violation of the standard of conduct required by Article 109 is not invalid for that reason, but the owner of a nonexecutive interest may recover any damages sustained by him by a personal action against the owner of the executive right. The action prescribes one year from the date on which the lease is filed for registry.
Acts 1974, No. 50, §110, eff. Jan. 1, 1975.