A mineral royalty may be created by one whose title terminates at a particular time or upon the occurrence of a certain condition, but it is extinguished at the specified time or on occurrence of the condition divesting the title.
R.S. 31:83 active rs title
Creation of mineral royalty by conditional owner ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1974, No. 50, §83, eff. Jan. 1, 1975