2014 Louisiana Laws
Civil Code
CC 2818 - Causes of cessation of membership
CHAPTER 4. CESSATION OF MEMBERSHIP
SECTION 1. CAUSES OF CESSATION
Art. 2818. Causes of cessation of membership
A. A partner ceases to be a member of a partnership upon: his death or interdiction; his being granted an order for relief under Chapter 7 or confirmation of a plan of liquidation or the appointment of a trustee of his estate under Chapter 11 of the Bankruptcy Code; his interest in the partnership being seized and not released as provided in Article 2819; his expulsion from the partnership; or his withdrawal from the partnership.
B. A partner also ceases to be a member of a partnership in accordance with the provisions of the contract of partnership.
Acts 1980, No. 150, §1; Acts 2004, No. 827, §1.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
