RS 3:4287 Duration of contract; minimum and maximum average cash value - Louisiana Statutes

§4287.  Duration of contract; minimum and maximum average cash value

No contract shall be written under the provisions of R.S. 3:4285 through 4288 for any period of time to exceed forty years.  No contract shall be entered into with any landowner where the average cash value per acre of the lands included in the application, exclusive of timber growing thereon, if any, is in excess of eight dollars.  No contract shall be entered into with any landowner with a fixed cash value of less than three dollars per acre for the land included in the contract.