An executive interest is a mineral right that includes an executive right. Nonexecutive interests are those that do not include the executive right, such as the mineral royalty, a landowner's interest in minerals the executive right to which has been granted to another, or a mineral servitude the executive right to which has been granted to another.
R.S. 31:108 active rs title
Nature of executive and nonexecutive interests ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §108, eff. Jan. 1, 1975