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2019 Louisiana Laws
Revised Statutes
Title 9 - Civil Code-Ancillaries
§2144. Income and principal distinguished
Universal Citation:
LA Rev Stat § 9:2144 (2019)
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RS 2144 - Income and principal distinguished
Receipts paid or delivered in return for the use of money or property forming a part of principal are income, unless this Sub-part expressly provides to the contrary.
Receipts paid or delivered as the consideration for the sale or other transfer of property forming a part of principal or as the replacement of property forming a part of principal are principal unless this Sub-part expressly provides to the contrary.
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