Louisiana Revised Statutes 31:70 – Effect of contracts for use or development of portion of servitude
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Terms Used In Louisiana Revised Statutes 31:70
- Contract: A legal written agreement that becomes binding when signed.
- 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
Execution of a lease or other contract for use or development of a portion of a tract burdened by a mineral servitude does not divide the servitude.
Acts 1974, No. 50, §70, eff. Jan. 1, 1975.