Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XI > Chapter 5 – Termination of a Partnership
Current as of: 2023 | Check for updates
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Section 1 | Causes of Termination | 2826 – 2829 |
Section 2 | Effects of Termination of Partnership and Rights of Former Partners | 2830 – 2831 |
Terms Used In Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XI > Chapter 5 - Termination of a Partnership
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Birth certificate: means the child's official birth certificate or a true copy of a prefiled version of the birth certificate in the event the official birth certificate has not been issued. See Louisiana Children's Code 1169
- Contract: A legal written agreement that becomes binding when signed.
- Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.