Louisiana Civil Code 2812 – The sharing of a partner’s interest with a third person.
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Terms Used In Louisiana Civil Code 2812
- 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.
A partner may share his interest in the partnership with a third person without the consent of his partners, but he cannot make him a member of the partnership. He is responsible for damage to the partnership caused by the third person as though he caused it himself.
Acts 1980, No. 150, §1.