La. Civ. Code art. 3172
This is the official text of La. Civ. Code art. 3172, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Pledge of mineral payments by owner of land or holder of mineral servitude
Official statutory text
By express provision in a contract establishing a pledge, the owner of land or holder of a mineral servitude may pledge bonuses, delay rentals, royalties, and shut-in payments arising from mineral leases, as well as other payments that are classified as rent under the Mineral Code. Other kinds of payments owing under a contract relating to minerals are not susceptible of pledge under this Title.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
Acts 2014, No. 281, ยง1, eff. Jan. 1, 2015.
Status: in_force · Read it on the official government site
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