Louisiana Civil Code 2996 – Authority to alienate, acquire, encumber, or lease
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Terms Used In Louisiana Civil Code 2996
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
The authority to alienate, acquire, encumber, or lease a thing must be given expressly. Neither the property nor its location need be specifically described.
Acts 1997, No. 261, §1, eff. Jan. 1, 1998.