Louisiana Revised Statutes > Title 31 > Chapter 8 – Mineral Rights in Land Acquired or Expropriated by Governments or Governmental Agencies
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| § 31:149 | Mineral rights reserved from acquisitions of land by governments or agencies thereof imprescriptible; prescriptive period in acquisitions for economic development |
Terms Used In Louisiana Revised Statutes > Title 31 > Chapter 8 - Mineral Rights in Land Acquired or Expropriated by Governments or Governmental Agencies
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Grantor: The person who establishes a trust and places property into it.