The lessee's interest in a renewable energy lease may be assigned or subleased in whole or in part, unless the lease expressly prohibits assignments or subleases. If a renewable energy lease contains a provision that expressly prohibits either assignments or subleases, then unless the lease language clearly shows a contrary intent, the provision will be interpreted as prohibiting both assignments and subleases.
La. R.S. 30:1164
Lessee's right to assign or sublease
Known as the Louisiana Geologic Sequestration of Carbon Dioxide Act
The act spans §§ 30–30 (55 sections).
Acts 2023, No. 455, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.