La. Civ. Code art. 2804

Current with operative changes from the 2024 Third Special Legislative Session
Section 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.

La. C.C. § 2804

Acts 1980, No. 150, §1.
Acts 1980, No. 150, §1.