Louisiana Reservations of Other Interests
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How to fill out Reservations Of Other Interests?
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FAQ
Effective January 1, 1975, the Louisiana Legislature enacted the Mineral Code as Title 31 of the Louisiana Revised Statutes. A. The Mineral Servitude. The mineral servitude is the vehicle by which the right to explore for and reduce minerals to possession is separated from the ownership of the surface of the land.
If a party purports to acquire a mineral servitude from a landowner when the right purportedly acquired is outstanding in another and the landowner either subsequently acquires the outstanding right or is the owner of the land at the time it is extinguished, the after-acquired title doctrine operates to vest the right ...
Louisiana Mineral Rights are somewhat unique. Unlike other states, Louisiana mineral rights revert back to the original owner after 10 years from the date of sale or from the date of last production.
In Louisiana for example, if you sell land, you may retain ownership of the minerals beneath it for a period of 10 years and one day at which time you must transfer such mineral rights to the current owner of that tract of land, but only if that owner has retained the land for the same period of time.
Purchasing Louisiana mineral rights is different from the way other states operate. Unlike other states where people retain ownership forever after purchase, Louisiana law states that Louisiana Mineral Rights revert to the original owner 10 years after the date of sale or the date of the last production.
Buying mineral rights in Louisiana The 14 matching properties for sale in Louisiana have an average listing price of $253,348 and price per acre of $6,428. For more nearby real estate, explore land for sale in Louisiana.
Louisiana Mineral Rights are somewhat unique. Unlike other states, Louisiana mineral rights revert back to the original owner after 10 years from the date of sale or from the date of last production.
If the hydrocarbons are beneath a navigable waterway in Louisiana, the property is referred to as State Water Bottoms. In other instances, the mineral rights may be owned by the State of Louisiana but an individual may own the real estate; there are a number of possible combinations.
