Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XXIV > Chapter 3 > Section 3 – Movables: Acquisitive Prescription of Three Years or Ten Years
Current as of: 2023 | Check for updates
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Other versions
| § 3489 | Movables; acquisitive prescription |
| § 3490 | Prescription of three years |
| § 3491 | Prescription of ten years |
Terms Used In Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XXIV > Chapter 3 > Section 3 - Movables: Acquisitive Prescription of Three Years or Ten Years
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.