Current with changes from the 2024 Legislative Session
Section 9:2991.10 - Prohibited termsThe following provisions, if included in or accompanying an instrument evidencing a sale of mineral rights by mail solicitation, are absolutely null:
(1) A provision requiring the agreement to be governed or interpreted by the laws of another jurisdiction or requiring a suit to be brought in a forum or jurisdiction outside of this state.(2) A provision stipulating any venue to the extent inconsistent with the applicable provisions of the Code of Civil Procedure.(3) A provision requiring the transferor to indemnify the transferee for any loss related to the transferor's right to rescind.(4) A provision authorizing the transferee to act as a mandatary of the transferor.(5) A provision that excludes, limits, waives, or otherwise modifies the obligations of the transferee described in this Part. Acts 2016, No. 179, §1, eff. May 19, 2016.Added by Acts 2016, No. 179,s. 1, eff. 5/19/2016.