Louisiana Civil Code 1266 – Immovables in excess of disposable portion; collation in kind.
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Terms Used In Louisiana Civil Code 1266
- Donee: The recipient of a gift.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
When the gift of immovable property, made to a lawful child or descendant, exceeds the portion which the ascendant could legally dispose of, the donee may make the collation of this excess in kind, if such excess can be separated conveniently.