2016 Louisiana Laws
Civil Code
CC 2785 - Annuity contract in favor of several recipients of payments
Art. 2785. Annuity contract in favor of several recipients of payments
An annuity contract may be established in favor of several natural persons, whether in divided shares or in indivision. When an annuity contract is established for the lifetimes of several recipients of payments in indivision, the termination of the interest of a recipient inures to the benefit of those remaining unless the annuity contract expressly provides otherwise.
Acts 2012, No. 258, §1, eff. Jan. 1, 2013.
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