La. Civ. Code art. 3172

Current with operative changes from the 2024 Third Special Legislative Session
Section 3172 - Pledge of mineral payments by owner of land or holder of mineral servitude

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.

La. C.C. § 3172

Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Added by Acts 2014, No. 281,s. 1, eff. 1/1/2015.