A mineral lease may be granted by the owner of an executive interest whose title is extinguished at a particular time or upon the occurrence of a certain condition, but it terminates at the specified time or on occurrence of the condition divesting the title.
R.S. 31:117 active rs title
Granting of mineral lease by owner under conditional title ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §117, eff. Jan. 1, 1975