---
urn: urn:us-la:rs:47:4318
citation: "R.S. 47:4318"
status: active
breadcrumb: "Title 47 › Subtitle V › Chapter 4"
acts_citations:
  - { year: 1983, number: 445, section: 1, effective_date: null, role: enactment }
---

# Transfer of contract

If the property for which the limited exemption has been granted is sold, the limited exemption may be transferred for the remainder of its term to the new owner, provided such transfer is approved by the local governing authority, the governor, and the board.