La. Civ. Code art. 608

Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 608 - 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.

La. C.C. § 608

Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. July 2, 2010.
Acts 1976, No. 103, §1; Acts 2010, No. 881, §1, eff. 7/2/2010.