Usufruct
Article 2814

Partner as mandatary of the partnership ACTIVE

A partner is a mandatary of the partnership for all matters in the ordinary course of its business other than the alienation, lease, or encumbrance of its immovables. A provision that a partner is not a mandatary does not affect third persons who in good faith transact business with the partner. Except as provided in the articles of partnership, any person authorized to execute a mortgage or security agreement on behalf of a partnership shall, for purposes of executory process, have authority to execute a confession of judgment in the act of mortgage or security agreement without execution of the articles of partnership by authentic act.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

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History

  • amendment Acts 1989, No. 137, §16, eff. Sept. 1, 1989

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Cite Article 2814

Bluebook
La. Civ. Code art. 2814 (2026).
Permalink
https://theusufruct.com/cc/2814
BibTeX
@misc{lacivcode-art-2814,
  title        = {La. Civ. Code art. 2814},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/2814},
  note         = {Snapshot 2026-05-22}
}