Louisiana Statutes
§ 31:109 — Obligation of owner of executive interest
Louisiana § 31:109
JurisdictionLouisiana
Title 31Motor Vehicles and Traffic Regulation
This text of Louisiana § 31:109 (Obligation of owner of executive interest) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
La. Stat. Ann. § 31:109 (2026).
Text
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.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Louisiana § 31:109, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/31%3A109.