La. Civ. Code art. 608
This is the official text of La. Civ. Code art. 608, 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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Dissolution of juridical person; thirty year limitation
Official statutory text
A usufruct established in favor of a juridical person terminates if the juridical person is dissolved or liquidated, but not if the juridical person is converted, merged or consolidated into a successor juridical person. In any event, a usufruct in favor of a juridical person shall terminate upon the lapse of thirty years from the date of the commencement of the usufruct. This Article shall not apply to a juridical person in its capacity as the trustee of a trust.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
Status: in_force · Read it on the official government site
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