Louisiana Civil Code 2829 – Change in number or identity of partners.
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Terms Used In Louisiana Civil Code 2829
- 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 change in the number or identity of partners does not terminate a partnership unless the number is reduced to one.
Acts 1980, No. 150, §1.