Louisiana Revised Statutes > Title 31 > Chapter 7 > Part 7 – Leases Involving Outstanding Mineral Rights
Current as of: 2023 | Check for updates
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Other versions
| § 31:144 | After-acquired title clause may bind lessor and successors in title |
| § 31:145 | After-acquired title doctrine; applicability in absence of special clause |
Terms Used In Louisiana Revised Statutes > Title 31 > Chapter 7 > Part 7 - Leases Involving Outstanding Mineral Rights
- Agency: means any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the executive branch, but not any governing body or officer of any local government or subdivision of the state, or any parochial officer who exercises functions coterminous with the municipality in which he performs those functions. See Louisiana Revised Statutes 39:2
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.