§ 30:1165 — Responsibility of assignee or sublessee to original lessor

Louisiana § 30:1165

• Jurisdiction: Louisiana
• Title 30: Mortgages and Privileges

Text

§1165. Responsibility of assignee or sublessee to original lessor
A. To the extent of the interest acquired, an assignee or sublessee acquires the rights
and powers of the lessee and becomes responsible directly to the lessor for performance of
the lessee's obligations. Except as otherwise expressly agreed to in writing by the lessor, an
assignor or sublessor is not relieved of his obligations or liabilities under a renewable energy
lease unless the lessor has discharged him expressly and in writing in a separate instrument
executed at the time of the assignment or sublease or thereafter. The lessor shall not
unreasonably withhold the discharge. A partial assignment or partial sublease does not
divide a renewable energy lease. A renewable energy lease lessor shall accept performance
by an assignee or sublessee whether or not the assignment or sublease is filed for registry.
B. If the assignor assigns his rights in the renewable energy lease, the assignor shall
provide to the lessor a notice of assignment containing the name, address, phone number, and
email address of the assignee. The assignee or his operator shall comply with all applicable
requirements of R.S. 30:1154.

Legislative History

Acts 2023, No. 455, §1, eff. June 28, 2023.