La. Civ. Code art. 229
Current with changes from the 2024 3rd Extraordinary Session effective on or before 1/1/2025
Each parent has the right and the obligation to administer the property of the child. The parent must do so as a prudent administrator and is answerable for any damage caused by his fraud, fault, default, or neglect. An action for failure to perform this obligation is subject to a liberative prescription of five years that commences to run from the day the child attains the age of majority.
La. C.C. § 229