Usufruct
R.S. 30:1163

Lessee's obligation to act as reasonably prudent operator ACTIVE

A lessee of a renewable energy lease is not under a fiduciary obligation to his lessor, but the lessee is bound to perform the contract in good faith and to develop and operate the property leased as a reasonably prudent operator for the mutual benefit of himself and his lessor. Parties may stipulate what shall constitute reasonably prudent conduct of the lessee to develop and operate the leased property.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

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

Section navigation

Cite R.S. 30:1163

Bluebook
La. Rev. Stat. Ann. § 30:1163 (2026).
Permalink
https://theusufruct.com/rs/title-30/section-1163
BibTeX
@misc{larevstat-30-1163,
  title        = {La. Rev. Stat. Ann. § 30:1163},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-30/section-1163},
  note         = {Snapshot 2026-05-22}
}