Usufruct
R.S. 9:157

Dormancy charge ACTIVE

A holder may deduct from property presumed abandoned a charge imposed by reason of the owner's failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the owner pursuant to which the holder may impose the charge and the holder regularly imposes the charge, which is not regularly reversed or otherwise canceled. The amount of the deduction is limited to an amount that is not unconscionable.

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JSON Markdown Source (legis.la.gov)

References

None.

Cited by

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History

  • enactment Acts 1986, No. 829, §1, eff. July 10, 1986
  • amendment Acts 1988, No. 1006, §1, eff. Aug. 1, 1988
  • amendment Acts 1997, No. 809, §1, eff. July 10, 1997

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Cite R.S. 9:157

Bluebook
La. Rev. Stat. Ann. § 9:157 (2026).
Permalink
https://theusufruct.com/rs/title-9/section-157
BibTeX
@misc{larevstat-9-157,
  title        = {La. Rev. Stat. Ann. § 9:157},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-9/section-157},
  note         = {Snapshot 2026-05-22}
}