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Rs 9 2991 10 — Louisiana Law | CourtGPT
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Louisiana Legal Code

Rs 9 2991 10

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RS 9:2991.10 - 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.