A co-owner of land may create a mineral royalty out of his undivided interest in the land, and the prescription of nonuse commences from the date of its creation. The consent of the co-owner of the party creating the royalty right is not necessary to entitle the royalty owner to receive his proportionate part of production.
R.S. 31:165 active rs title
Creation of mineral royalty by co-owner of land ACTIVE
Actions
References
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Cited by
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History
- enactment Acts 1974, No. 50, §165, eff. Jan. 1, 1975