Louisiana Statutes
§ 9:2153 — Timber
Louisiana·Title 9 Civil Code-Ancillaries
§2153. Timber
A.If part of the principal consists of land from which timber may be removed, the
receipts from taking the timber from the land shall be allocated in accordance with what is
reasonable and equitable in view of the interests of those entitled to income as well as of
those entitled to principal.
B.An allocation of a receipt under this Section is presumed to be reasonable and
equitable if ninety percent is allocated to principal and ten percent to income. Any other
allocation shall not be presumed to be unreasonable or inequitable.
Free access — add to your briefcase to read the full text and ask questions with AI
Louisiana § 9:2153 (Timber) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Acts 2020, No. 17, §1, eff. Jan. 1, 2021.
Nearby Sections
15
§ 9:211
§ 9:211§ 9:2111
§ 9:2111§ 9:2112
Attachment of powers to office§ 9:2115
Control of discretionary powers§ 9:2117
Expenses that may be incurred§ 9:2118
Lease of trust property§ 9:2119
Sale of trust property§ 9:2120
Mortgage or pledge; borrowing