Louisiana Civil Code 2819 – Seizure of the interest of a partner.
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Louisiana Civil Code 2819
- 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.
- Writ: A formal written command, issued from the court, requiring the performance of a specific act.
A partner ceases to be a member of a partnership if his interest in the partnership is seized under a writ of execution and is not released within thirty days. The cessation is retroactive to the date of seizure.
Acts 1980, No. 150, §1.