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La. R.S. 30:1176

Lessor's privilege

Known as the Louisiana Geologic Sequestration of Carbon Dioxide Act

The act spans §§ 30–30 (55 sections).

Acts 2023, No. 455, §1, eff

PART III. THE LESSOR'S PRIVILEGE

§1176. Lessor's privilege

The lessor of a renewable energy lease has, for the payment of his rent and other obligations of the lease, a privilege on all equipment, machinery, and other property of the lessee on or attached to the property leased. The right also extends to equipment, machinery, and other property of a sublessee on or attached to the property leased, but only to the extent that the sublessee is indebted to his sublessor at the time the lessor exercises his right.

Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.