Dissolution of juridical person; thirty year limitation
La. Civ. Code art. 608
in effect608. Dissolution of juridical person; thirty year limitation
A usufruct established in favor of a juridical person terminates if the juridical person is dissolved or liquidated, but not if the juridical person is converted, merged or consolidated into a successor juridical person. In any event, a usufruct in favor of a juridical person shall terminate upon the lapse of thirty years from the date of the commencement of the usufruct. This Article shall not apply to a juridical person in its capacity as the trustee of a trust.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=110802Fetched: 10/20/2026