Louisiana Civil Code 2021 – Rights of third party in good faith
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Terms Used In Louisiana Civil Code 2021
- Contract: A legal written agreement that becomes binding when signed.
Dissolution of a contract does not impair the rights acquired through an onerous contract by a third party in good faith.
If the contract involves immovable property, the principles of recordation apply to a third person acquiring an interest in the property whether by onerous or gratuitous title.
Acts 1984, No. 331, §1, eff. July 1, 1985; Acts 2005, No. 169, §2, eff. Jan. 1, 2006; Acts 2005, 1st Ex. Sess., No. 13, §1, eff. Nov. 29, 2005.