Louisiana Revised Statutes 17:384 – Restrictions on alienability of property donated
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Terms Used In Louisiana Revised Statutes 17:384
- Donor: The person who makes a gift.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The donor cannot make the property inalienable, but he may prescribe the manner and the circumstances under which the donees may sell, mortgage, or otherwise encumber the whole or any portion of the property donated, or the manner in which investments once made, may be changed.