Louisiana Civil Code 2350 – Alienation of movable assets of business
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Terms Used In Louisiana Civil Code 2350
- 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 spouse who is the sole manager of a community enterprise has the exclusive right to alienate, encumber, or lease its movables unless the movables are issued in the name of the other spouse or the concurrence of the other spouse is required by law.
A community enterprise is a business that is not a juridical person.
Acts 1979, No. 709, §1; Acts 2017, No. 197, §1.