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Current as of January 01, 2023 | Updated by Findlaw Staff
A partner is a mandatary of the partnership for all matters in the ordinary course of its business other than the alienation, lease, or encumbrance of its immovables. A provision that a partner is not a mandatary does not affect third persons who in good faith transact business with the partner. Except as provided in the articles of partnership, any person authorized to execute a mortgage or security agreement on behalf of a partnership shall, for purposes of executory process, have authority to execute a confession of judgment in the act of mortgage or security agreement without execution of the articles of partnership by authentic act.
Cite this article: FindLaw.com - Louisiana Civil Code Tit. XI, Art. 2814. Partner as mandatary of the partnership - last updated January 01, 2023 | https://codes.findlaw.com/la/civil-code/la-civ-code-tit-xi-art-2814/
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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