Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XI > Chapter 5 > Section 2 – Effects of Termination of Partnership and Rights of Former Partners
Current as of: 2023 | Check for updates
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Other versions
| § 2830 | Effects of termination; authority of partners. |
| § 2831 | Termination of the partnership; rights of third parties. |
Terms Used In Louisiana Codes > Civil Code > PRELIMINARY TITLE > Title XI > Chapter 5 > Section 2 - Effects of Termination of Partnership and Rights of Former Partners
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- 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.
- 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.