Persons holding immovable property in common may agree not to alienate, encumber, or lease the property held in common for a specific period of time, not to exceed fifteen years. This agreement must be in writing.
R.S. 9:1112 active rs title
Immovable property held in common; agreement not to alienate, encumber or lease ACTIVE
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References
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History
- enactment Acts 1987, No. 476, §1