The executive right is the exclusive right to grant mineral leases of specified land or mineral rights. Unless restricted by contract it includes the right to retain bonuses and rentals. The owner of the executive right may lease the land or mineral rights over which he has power to the same extent and on such terms and conditions as if he were the owner of a mineral servitude.
R.S. 31:105 active rs title
Nature of executive right ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §105, eff. Jan. 1, 1975