Louisiana Revised Statutes 31:137 – Nonpayment of royalties; notice prerequisite to judicial demand
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Terms Used In Louisiana Revised Statutes 31:137
- 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
If a mineral lessor seeks relief for the failure of his lessee to make timely or proper payment of royalties, he must give his lessee written notice of such failure as a prerequisite to a judicial demand for damages or dissolution of the lease.
Acts 1974, No. 50, §137, eff. Jan. 1, 1975.