State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc2796

Art. 2796. Redeemable nature of contract.

Constituted annuity is essentially redeemable.

The parties may only agree that the same shall not be redeemed prior to a time which can not exceed ten years, or without having warned the creditor a time before, which they shall limit.