Louisiana Civil Code 3470 – Prescription during delays for inventory; vacant succession
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Terms Used In Louisiana Civil Code 3470
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Prescription runs during the delay the law grants to a successor for making an inventory and for deliberating. Nevertheless, it does not run against a beneficiary successor with respect to his rights against the succession.
Prescription runs against a vacant succession even if an administrator has not been appointed.
Acts 1982, No. 187, §1, eff. Jan. 1, 1983.