La. Civ. Code art. 229
Current with changes from the 2024 First and Second Extraordinary Sessions
Each parent has the right and the obligation to administer the property of the child. The parent must do so as a prudent administrator and is answerable for any damage caused by his fraud, fault, default, or neglect. An action for failure to perform this obligation is subject to a liberative prescription of five years that commences to run from the day the child attains the age of majority.
La. C.C. § 229