Louisiana Civil Code 2832 – Creditors of the partnership; preference.
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Terms Used In Louisiana Civil Code 2832
- 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.
The creditors of the partnership must be paid in preference to the creditors of the partners.
Acts 1980, No. 150, §1.