La. Stat. tit. 31 § 171

Current with operative changes from the 2024 Third Special Legislative Session
Section 31:171 - Right of co-owner of mineral lease to create dependent rights

A co-owner of the lessee's interest in a mineral lease may create a dependent right such as an overriding royalty, production payment, net profits interest, or other non-operating interest out of his undivided interest without the consent of his co-owner. He may also transfer all or part of his undivided interest.

La. R.S. § 31:171

Acts 1974, No. 50, §171, eff. Jan. 1, 1975.
Acts 1974, No. 50, §171, eff. 1/1/1975.