La. Civ. Code art. 618
This is the official text of La. Civ. Code art. 618, 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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Security for proceeds
Official statutory text
In cases governed by Articles 614, 615, 616, and the first sentence of Article 617, the naked owner may demand, within one year from receipt of the proceeds by the usufructuary that the usufructuary give security for the proceeds. If such a demand is made, and the parties cannot agree, the nature of the security shall be determined by the court. This Article does not apply to corporeal movables referred to in the second sentence of Article 568, or to property disposed of by the usufructuary pursuant to the power to dispose of nonconsumables if the grantor of the usufruct has dispensed with the security.
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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