2011 Louisiana Laws
Civil Code
CC 2801 — Partnership; definition.


LA Civ Code 2801 What's This?

TITLE XI--PARTNERSHIP

CHAPTER 1--GENERAL PRINCIPLES

Art. 2801. Partnership; definition.

A partnership is a juridical person, distinct from its partners, created by a contract between two or more persons to combine their efforts or resources in determined proportions and to collaborate at mutual risk for their common profit or commercial benefit.

Trustees and succession representatives, in their capacities as such, and unincorporated associations may be partners.

Acts 1980, No. 150, §1.

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