Louisiana § 9:2144 Income and principal distinguished

Louisiana Statutes

§ 9:2144 — Income and principal distinguished

Louisiana·Title 9 Civil Code-Ancillaries

§2144. Income and principal distinguished
Receipts paid or delivered in return for the use of property forming a part of principal
are income, unless this Subpart expressly provides to the contrary.
Receipts paid or delivered in consideration for the sale or other transfer of property
forming a part of principal or as the replacement of property forming a part of principal are
principal unless this Subpart expressly provides to the contrary.

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§2144. Income and principal distinguished
Receipts paid or delivered in return for the use of property forming a part of principal
are income, unless this Subpart expressly provides to the contrary.
Receipts paid or delivered in consideration for the sale or other transfer of property
forming a part of principal or as the replacement of property forming a part of principal are
principal unless this Subpart expressly provides to the contrary.

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