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      RS 9:2991.10     

  

§2991.10. Prohibited terms

            The 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.



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