Louisiana Statutes
§ 31:125 — Amount of royalties relevant to reasonableness of lessee's expectation
Louisiana § 31:125
JurisdictionLouisiana
Title 31Motor Vehicles and Traffic Regulation
This text of Louisiana § 31:125 (Amount of royalties relevant to reasonableness of lessee's expectation) 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. § 31:125 (2026).
Text
In applying Article 124, the amount of the royalties being paid may be considered only insofar as it may show the reasonableness of the lessee's expectation in continuing production. The amount need not be a serious or adequate equivalent for continuance of the lease as compared with the amount of the bonus, rentals, or other sums paid to the lessor.
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Legislative History
Acts 1974, No. 50, §1, eff. Jan. 1, 1975.
Nearby Sections
15
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Bluebook (online)
Louisiana § 31:125, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/31%3A125.