Louisiana Revised Statutes 41:1174 – Disputed title; deposit of consideration in escrow
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Terms Used In Louisiana Revised Statutes 41:1174
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
Should the governor and the Register of the State Land Office grant rights-of-way across and through any public lands, the title to which is in dispute, they may provide that the consideration to be paid the state by the grantee of the right shall be deposited in escrow with the Register of the State Land Office, to be held by that officer pending the final determination of the validity of the title to the land or until the governor and Register of the State Land Office and the grantee otherwise agree the payment should be made or released as provided for in the agreement.
Added by Acts 1964, No. 29, §1.