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Terms Used In Louisiana Civil Code 2813

  • 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 inform himself of the business activities of the partnership and may consult its books and records, even if he has been excluded from management.  A contrary agreement is null.

He may not exercise his right in a manner that unduly interferes with the operations of the partnership or prevents other partners from exercising their rights in this regard.

Acts 1980, No. 150, §1.