La. Civ. Code art. 2842
This is the official text of La. Civ. Code art. 2842, part of Louisiana’s Civil Code — louisiana's civil law tradition codifies persons, property, obligations, and family relations here rather than in a separate statutory code.
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Restrictions on the right of a partner in commendam to receive contributions.
Official statutory text
A partner in commendam may not receive, directly or indirectly, any part of the capital or undistributed profits of the partnership if to do so would render the partnership insolvent. If he does so, he must restore the amount received together with interest at the legal rate.
If the partnership or the partners do not force the partner in commendam to restore the amount received, the creditors may proceed directly against the partner in commendam to compel the restoration.
Acts 1980, No. 150, ยง1.
If the partnership or the partners do not force the partner in commendam to restore the amount received, the creditors may proceed directly against the partner in commendam to compel the restoration.
Acts 1980, No. 150, ยง1.
Status: in_force · Read it on the official government site
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