Statutes, codes, and regulations
Louisiana Administrative Code
Title 43 - NATURAL RESOURCESPart V - Office of Mineral ResourcesChapter 5 - Mineral Resources
Subchapter B - Application for Approval of Transfer of Solid Mineral Lease or Sublease
Section V-513 - Definitions [Formerly LAC 43:I.913]

La. Admin. Code tit. 43 § V-513

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Current through Register Vol. 50, No. 11, November 20, 2024
Section V-513 - Definitions [Formerly LAC 43:I.913]
A. As used in these regulations, the following terms have the meanings assigned below, unless the context otherwise requires.

Applicant-the person seeking approval by the board of a proposed transfer (as described in Act 296 of 1979) of a lease.

Board-the State Mineral Board of the state of Louisiana.

Control-the term control (including the terms controlling, controlled by and under common control with) means possession (direct or indirect) of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.

Director-any director of a corporation or any person performing similar functions with respect to any organization whether incorporated or unincorporated.

Lease-any lease or sublease entered into by or under the authority of or subject to the jurisdiction of the board which includes the development and production of solid minerals.

Lessee-a person or entity which at the time of a proposed transfer (as described in Act 296 of 1979) has the right to develop and produce solid minerals under a lease.

Officer-the chairman, the president, each vice-president in charge of a principal business function, the secretary, the treasurer, and the comptroller, and any other person performing similar functions with respect to any organizations whether incorporated or unincorporated.

Person-a natural person, partnership, syndicate, corporation or any other group or entity.

Secretary-the Secretary of the Department of Natural Resources.

B. Other terms used in these regulations have the same meanings as are set forth in Act 296 of 1979 unless the context otherwise requires.

La. Admin. Code tit. 43, § V-513

Promulgated by the Department of Natural Resources, Office of the Secretary, LR 6:131 (March 1980), repromulgated by the Department of Natural Resources, Office of Mineral Resources, LR 411726 (9/1/2015).
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:143.