Louisiana § 47:634 Definitions

Louisiana Statutes

§ 47:634 — Definitions

Louisiana § 47:634

Title 47Revenue and Taxation

This text of Louisiana § 47:634 (Definitions) 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. § 47:634 (2026).

Text

The following terms as used in this Part shall have the following meanings ascribed to them:

(1)"Owner" means owner at the time of severance.

(2)"Purchases on the open market" means purchases made in the absence of any contract or agreement requiring the purchaser to make payment direct to the owner of oil, gas or other natural resources.

(3)"Severed" means the point at which the natural resources are severed from the surface of the earth or water.

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The following terms as used in this Part shall have the following meanings ascribed to them:
(1) "Owner" means owner at the time of severance.
(2) "Purchases on the open market" means purchases made in the absence of any contract or agreement requiring the purchaser to make payment direct to the owner of oil, gas or other natural resources.
(3) "Severed" means the point at which the natural resources are severed from the surface of the earth or water.