Article 608

Dissolution of juridical person; thirty year limitation ACTIVE

A usufruct established in favor of a juridical person terminates if the juridical person is dissolved or liquidated, but not if the juridical person is converted, merged or consolidated into a successor juridical person. In any event, a usufruct in favor of a juridical person shall terminate upon the lapse of thirty years from the date of the commencement of the usufruct. This Article shall not apply to a juridical person in its capacity as the trustee of a trust.

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References

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Cited by

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History

  • enactment Acts 1976, No. 103, §1
  • amendment Acts 2010, No. 881, §1, eff. July 2, 2010

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Cite Article 608

Bluebook
La. Civ. Code art. 608 (2026).
Permalink
https://theusufruct.com/cc/608
BibTeX
@misc{lacivcode-art-608,
  title        = {La. Civ. Code art. 608},
  howpublished = {Louisiana Civil Code},
  year         = {2026},
  url          = {https://theusufruct.com/cc/608},
  note         = {Snapshot 2026-05-22}
}