Louisiana Revised Statutes 30:1164 – The lessee’s interest in a renewable energy lease may be assigned or subleased in whole or in part, unless the lease expressly prohibits assignments or subleases. If a renewable ener
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Terms Used In Louisiana Revised Statutes 30:1164
- 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
The lessee’s interest in a renewable energy lease may be assigned or subleased in whole or in part, unless the lease expressly prohibits assignments or subleases. If a renewable energy lease contains a provision that expressly prohibits either assignments or subleases, then unless the lease language clearly shows a contrary intent, the provision will be interpreted as prohibiting both assignments and subleases.
Acts 2023, No. 455, §1, eff. June 28, 2023.