Usufruct
R.S. 31:122

Lessee's obligation to act as reasonably prudent operator ACTIVE

A mineral lessee is not under a fiduciary obligation to his lessor, but he 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 on the part of the lessee.

Actions

JSON Markdown Source (legis.la.gov)

References

None.

Cited by

None.

History

  • enactment Acts 1974, No. 50, §122, eff. Jan. 1, 1975

Section navigation

Cite R.S. 31:122

Bluebook
La. Rev. Stat. Ann. § 31:122 (2026).
Permalink
https://theusufruct.com/rs/title-31/section-122
BibTeX
@misc{larevstat-31-122,
  title        = {La. Rev. Stat. Ann. § 31:122},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-31/section-122},
  note         = {Snapshot 2026-05-22}
}