State Codes and Statutes

State Codes and Statutes

Statutes > Louisiana > Cc > Cc2804

Art. 2804. Participation in one category only.

If a partnership agreement establishes the extent of participation by partners in only one category of either profits, commercial benefits, losses, or the distribution of assets other than capital contributions, partners participate to that extent in each category unless the agreement itself or the nature of the participation indicates the partners intended otherwise.

Acts 1980, No. 150, §1.