La. Stat. tit. 30 § 1163

Current with changes from the 2024 Legislative Session
Section 30:1163 - Lessee's obligation to act as reasonably prudent operator

A lessee of a renewable energy lease is not under a fiduciary obligation to his lessor, but the lessee is bound to perform the contract in good faith and to develop and operate the property leased as a reasonably prudent operator for the mutual benefit of himself and his lessor. Parties may stipulate what shall constitute reasonably prudent conduct of the lessee to develop and operate the leased property.

La. R.S. § 30:1163

Acts 2023, No. 455, §1, eff. June 28, 2023.
Added by Acts 2023, No. 455,s. 1, eff. 6/28/2023.