Louisiana Statutes
§ 31:109 — Obligation of owner of executive interest
Louisiana·Title 31 Motor Vehicles and Traffic Regulation
The owner of an executive interest is not obligated to grant a mineral lease, but in doing so, he must act in good faith and in the same manner as a reasonably prudent landowner or mineral servitude owner whose interest is not burdened by a nonexecutive interest.
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Related
Tidelands Royalty "B" Corp. v. Gulf Oil Corporation
804 F.2d 1344 (Fifth Circuit, 1987)
Legislative History
Acts 1974, No. 50, §109, eff. Jan. 1, 1975.