Louisiana Revised Statutes 31:212.21 – If the owner of a production payment created out of a mineral lessee’s interest or a royalty owner other than a mineral lessor seeks relief for the failure of a mineral lessee to mak
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Terms Used In Louisiana Revised Statutes 31:212.21
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
If the owner of a production payment created out of a mineral lessee’s interest or a royalty owner other than a mineral lessor seeks relief for the failure of a mineral lessee to make timely or proper payment of royalties or the production payment, he must give his obligor written notice of such failure as a prerequisite to a judicial demand for damages.
Added by Acts 1982, No. 249, §1; Acts 2020, No. 76, §1.