Louisiana Civil Code 2352 – Management and disposition of partnership and limited liability company interest
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Terms Used In Louisiana Civil Code 2352
- 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
- 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 spouse who is a partner has the exclusive right to manage, alienate, encumber, or lease the partnership interest.
A spouse who is a member has the exclusive right to manage, alienate, encumber, or lease the limited liability company interest.
Acts 1979, No. 709, §1; Acts 1993, No. 475, §1, eff. June 9, 1993.