The lessee shall have thirty days after receipt of the required notice within which to pay the royalties due or to respond by stating in writing a reasonable cause for nonpayment. The payment or nonpayment of the royalties or stating or failing to state a reasonable cause for nonpayment within this period has the following effect on the remedies of dissolution and damages.
R.S. 31:138 active rs title
Required response of lessee to notice ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §138, eff. Jan. 1, 1975