Louisiana Revised Statutes 47:4318 – Transfer of contract
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Terms Used In Louisiana Revised Statutes 47:4318
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
If the property for which the limited exemption has been granted is sold, the limited exemption may be transferred for the remainder of its term to the new owner, provided such transfer is approved by the local governing authority, the governor, and the board.
Added by Acts 1983, No. 445, §1.