---
urn: urn:us-la:rs:47:209
citation: "R.S. 47:209"
status: active
breadcrumb: "Title 47 › Subtitle II › Chapter 1 › Part II › Subpart D"
acts_citations:
  - { year: 1958, number: 441, section: 2, effective_date: null, role: enactment }
---

# Nonrecognition of gain or loss on contribution

No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.