Article 2833

Division of the partnership assets. ACTIVE

The creditors of a partnership shall be paid in the following order of priority: secured creditors in accordance with their security rights; unsecured creditors who are not partners; unsecured creditors who are partners.

If any assets remain after the payment of all secured and unsecured creditors, the capital contributions shall be restored to the partners. Finally, any surplus shall be divided among the partners proportionally based on their respective interests in the partnership.

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References

None.

Cited by

None.

History

  • enactment Acts 1980, No. 150, §1

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Cite Article 2833

Bluebook
La. Civ. Code art. 2833 (2026).
Permalink
https://theusufruct.com/cc/2833
BibTeX
@misc{lacivcode-art-2833,
  title        = {La. Civ. Code art. 2833},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/2833},
  note         = {Snapshot 2026-05-22}
}