Louisiana § 30:1163 Lessee's obligation to act as reasonably prudent operator

Louisiana Statutes

§ 30:1163 — Lessee's obligation to act as reasonably prudent operator

Louisiana·Title 30 Mortgages and Privileges

§1163. Lessee's obligation to act as reasonably prudent operator
A lessee of a renewable energy lease is not under a fiduciary obligation to his lessor,
but the lessee is bound to perform the contract in good faith and to develop and operate the
property leased as a reasonably prudent operator for the mutual benefit of himself and his
lessor. Parties may stipulate what shall constitute reasonably prudent conduct of the lessee
to develop and operate the leased property.

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§1163. Lessee's obligation to act as reasonably prudent operator
A lessee of a renewable energy lease is not under a fiduciary obligation to his lessor,
but the lessee is bound to perform the contract in good faith and to develop and operate the
property leased as a reasonably prudent operator for the mutual benefit of himself and his
lessor. Parties may stipulate what shall constitute reasonably prudent conduct of the lessee
to develop and operate the leased property.

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