Louisiana Revised Statutes 9:3435 – Provisions applicable to registered limited liability partnerships
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Terms Used In Louisiana Revised Statutes 9:3435
- 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.
A registered limited liability partnership is a partnership as defined in Article 2801 of the Civil Code, and the provisions of Title XI of Book III of the Civil Code apply to registered limited liability partnerships to the extent that they are consistent with the provisions of this Chapter. Upon lapse or termination of registration, the affected registered limited liability partnership shall continue as a partnership under Title XI of Book III of the Civil Code, but without application of this Chapter.
Acts 1993, No. 475, §3, eff. June 9, 1993.