Louisiana Civil Code 504 – Ownership of abandoned bed when river changes course.
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Terms Used In Louisiana Civil Code 504
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
When a navigable river or stream abandons its bed and opens a new one, the owners of the land on which the new bed is located shall take by way of indemnification the abandoned bed, each in proportion to the quantity of land that he lost.
If the river returns to the old bed, each shall take his former land.
Acts 1979, No. 180, §1.