Louisiana Revised Statutes 31:15 – Right of landowner to convey, reserve, or lease right to explore and develop
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Revised Statutes 31:15
- 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 landowner may convey, reserve, or lease his right to explore and develop his land for production of minerals and to reduce them to possession.
Acts 1974, No. 50, §1, eff. Jan. 1, 1975.