United States — Louisiana Act or statute

United States — Louisiana legislation

RS 9:5132

Parties to a mortgage of a mineral right may choose the keeper of the property and may do so by naming the person, describing how to select the person, or designating the mortgagee or the mortgagee’s agent.

mineral rightsmortgages

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“Parties to a mortgage of a mineral right may choose the keeper of the property and may do so by naming the person, describing how to select the person, or designating the mortgagee or the mortgagee’s agent.”

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RS 9:5132

Parties to a mortgage of a mineral right may choose the keeper of the property and may do so by naming the person, describing how to select the person, or designating the mortgagee or the mortgagee’s agent.

Section 9:5132

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

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§ 9:5132RS 9:5132Provision

Parties to a mortgage of a mineral right may choose the keeper of the property and may do so by naming the person, describing how to select the person, or designating the mortgagee or the mortgagee’s agent.

§5132. Designation in mortgage The parties to a mortgage of a mineral right may designate the keeper of property to be appointed as provided by R.S. 9:5131 by expressly naming or identifying the person who is to serve as keeper or by describing the method by which he is to be selected. The parties may designate the mortgagee or his agent as the keeper or permit the mortgagee to name the keeper at the time the seizure is effected. Added by Acts 1974, No. 546, §1, eff. Jan. 1, 1975.
Section 9:5132Verify source

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