Louisiana Revised Statutes 41:1008 – Should the state land office advertise and sell timber on state lands, the title to which is in dispute, a provision may be made that the consideration to be paid the state by the ad
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Terms Used In Louisiana Revised Statutes 41:1008
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
Should the state land office advertise and sell timber on state lands, the title to which is in dispute, a provision may be made that the consideration to be paid the state by the adjudicatee of the timber sold pursuant to the provisions of this Part, shall be deposited in escrow with the state land office, to be held by that department pending the final determination of the validity of the title to the land or until the state land office and the grantee otherwise agree the payment should be made or released as provided for in the agreement.
Added by Acts 1978, No. 405, §1; Acts 2018, No. 242, §2.