Louisiana Revised Statutes 31:146 – Lessor’s privilege
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Terms Used In Louisiana Revised Statutes 31:146
- 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 lessor of a mineral lease has, for the payment of his rent, and other obligations of the lease, a right of pledge on all equipment, machinery, and other property of the lessee on or attached to the property leased. The right also extends to property of others on or attached to the property leased by their express or implied consent in connection with or contemplation of operations on the lease or land unitized therewith.
Acts 1974, No. 50, §146, eff. Jan. 1, 1975.