Art. 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. Acts 2014, No. 281, §1, eff. Jan. 1, 2015.
Pledge of mineral payments by owner of land or holder of mineral servitude
La. Civ. Code art. 3172
La. Civ. Code art. 3172