Louisiana Revised Statutes 31:133 – Termination of mineral lease
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Terms Used In Louisiana Revised Statutes 31:133
- 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
A mineral lease terminates at the expiration of the agreed term or upon the occurrence of an express resolutory condition.
Acts 1974, No. 50, §133, eff. Jan. 1, 1975.