United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:4882

The operator and the non-operator each have a privilege over the property described in R.S. 9:4883 to secure certain payment obligations.

payment securityprivileges

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“The operator and the non-operator each have a privilege over the property described in R.S. 9:4883 to secure certain payment obligations.”

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RS 9:4882

The operator and the non-operator each have a privilege over the property described in R.S. 9:4883 to secure certain payment obligations.

Section 9:4882

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Source record from legis.la.gov · Undated source snapshot

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§ 9:4882RS 9:4882Provision

The operator and the non-operator each have a privilege over the property described in R.S. 9:4883 to secure certain payment obligations.

§4882. Privilege of the operator and non-operator A. The operator has a privilege over the property described in R.S. 9:4883 to secure payment of all obligations incurred in the conduct of operations which the non-operator is personally bound to pay or reimburse. B. A non-operator has a privilege over the property described in R.S. 9:4883 to secure payment of all obligations owed to him by the operator from the sale or other disposition of hydrocarbons of the non-operator produced from the well. Acts 1997, No. 1040, §1.
Section 9:4882Verify source

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