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Louisiana Civil Code Tit. XX-A, Art. 3172. Pledge of mineral payments by owner of land or holder of mineral servitude

Current as of January 01, 2023 | Updated by Findlaw Staff

By express provision in a contract establishing a pledge, the owner of land or holder of a mineral servitude may pledge bonuses, delay rentals, royalties, and shut-in payments arising from mineral leases, as well as other payments that are classified as rent under the Mineral Code. Other kinds of payments owing under a contract relating to minerals are not susceptible of pledge under this Title.

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Cite this article: FindLaw.com - Louisiana Civil Code Tit. XX-A, Art. 3172. Pledge of mineral payments by owner of land or holder of mineral servitude - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xx-a-art-3172/

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