Terms Used In Louisiana Revised Statutes 9:2786

  • Legacy: A gift of property made by will.
  • Legatee: A beneficiary of a decedent
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

A merely personal obligation to do, imposed by testament as the condition on which a legacy is to take effect, is void, if the legatee die before performance, or before he has been put in default; but the legacy will take effect.  

Acts 1984, No. 331, §4.