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Recognition and character of gain or loss on sale or exchange

La. R.S. 47:217
in effect
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47:217. Recognition and character of gain or loss on sale or exchange In the case of a sale or exchange of an interest in a partnership, gain or loss shall be recognized to the transferor partner. Such gain or loss shall be considered as gain or loss from the sale or exchange of a capital asset. Added by Acts 1958, No. 441, §2.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=101511Fetched: 10/20/2026

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La. R.S. 47:217 — Recognition and character of gain or loss on sale or exchange | Louisiana Revised Statutes, Codes and Constitution (through the 2025 First Extraordinary Session) | Corpus