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Current as of January 01, 2023 | Updated by Findlaw Staff
Each partner participates equally in profits, commercial benefits, and losses of the partnership, unless the partners have agreed otherwise. The same rule applies to the distribution of assets, but in the absence of contrary agreement, contributions to capital are restored to each partner according to the contribution made.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XI, Art. 2803. Participation of partners - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xi-art-2803/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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