CC 2804
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/la/2804A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CC 2804
Art. 2804. Participation in one category only.
If a partnership agreement establishes the extent of participation by partners in only one category of either profits, commercial benefits, losses, or the distribution of assets other than capital contributions, partners participate to that extent in each category unless the agreement itself or the nature of the participation indicates the partners intended otherwise.
Acts 1980, No. 150, §1.