Louisiana Revised Statutes 9:5131 – MINERAL MORTGAGES–APPOINTMENT OF KEEPER
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Terms Used In Louisiana Revised Statutes 9:5131
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
§5131. Appointment by court
If a mineral right affected by a mortgage executed under the provisions of La. Rev. Stat. 31:203 is seized as an incident to an action for the enforcement of such mortgage, the court issuing the order under which the seizure is to be effected shall direct the sheriff or other officer making the seizure to appoint as keeper of the mineral right such person as the parties may have designated as herein provided.
Added by Acts 1974, No. 546, §1 eff. Jan. 1, 1975.