Louisiana Revised Statutes 31:116 – Who may grant a mineral lease
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Terms Used In Louisiana Revised Statutes 31:116
- 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
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
A mineral lease may be granted by a person having an executive interest in the mineral rights on the property leased.
Acts 1974, No. 50, §116, eff. Jan. 1, 1975.