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Willetts Wood Products Company v. Concordia Land and Timber Company
Louisiana Supreme Court
124 So. 841 (1929)
Willetts Wood Products Company (Willetts) (defendant) owned land that included stands of timber. Willetts mortgaged the land and eventually defaulted on the mortgage. The land was sold to satisfy Willetts’s mortgage debt, but Willetts retained ownership of the standing timber on the land. The land was resold a number of times and eventually came to be owned by Concordia Land and Timber Company (Concordia) (plaintiff). Concordia sued Willetts to have the court fix a time by which Willetts would be required to remove the timber it owned from Concordia’s land. The trial court set a time frame of four years for Willetts to remove the timber and further held that if Willetts failed to remove the timber during that period, ownership of the standing timber would revert to Concordia. Willetts appealed.
Rule of Law
Holding and Reasoning (Thompson, J.)
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