CC 618 - Security for proceeds - Louisiana Statutes

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Art. 618. Investment of money.

In cases governed by Articles 614, 615, 616, and the first sentence of Article 617, the naked owner may demand, within one year from receipt of the proceeds by the usufructuary, that the money be safely invested subject to the right of the usufructuary. If such a demand is made, and the parties cannot agree, the nature of the investment shall be determined by the court. This article does not apply to corporeal movables referred to in Article 568.

Acts 1976, No. 103, §1.

State Codes and Statutes

Statutes > Louisiana > Cc > Cc618

Art. 618. Investment of money.

In cases governed by Articles 614, 615, 616, and the first sentence of Article 617, the naked owner may demand, within one year from receipt of the proceeds by the usufructuary, that the money be safely invested subject to the right of the usufructuary. If such a demand is made, and the parties cannot agree, the nature of the investment shall be determined by the court. This article does not apply to corporeal movables referred to in Article 568.

Acts 1976, No. 103, §1.

State Codes and Statutes

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State Codes and Statutes

Statutes > Louisiana > Cc > Cc618

Art. 618. Investment of money.

In cases governed by Articles 614, 615, 616, and the first sentence of Article 617, the naked owner may demand, within one year from receipt of the proceeds by the usufructuary, that the money be safely invested subject to the right of the usufructuary. If such a demand is made, and the parties cannot agree, the nature of the investment shall be determined by the court. This article does not apply to corporeal movables referred to in Article 568.

Acts 1976, No. 103, §1.