Louisiana § RS 23:651 - Definitions
Full text of Louisiana Louisiana Civil Code § RS 23:651 — Definitions, with citation guidance and answers to common questions.
§ RS 23:651. Definitions
(1) "Plan" shall mean any arrangement, agreement, contract, plan, system or trust whereby a participant acquires an enforceable right to retirement income or other compensation where payment is deferred until the termination of employment or thereafter, regardless of the method of calculating the amount of plan benefits or the mode of their distribution. Included in this definition are plans which provide pension, retirement, disability or death benefits and deferred compensation by employment, agency, trade union, stock bonus, stock ownership, stock option and profit sharing plans. The term plan shall also include employee pension benefit plans as defined by Section 3(2) of the Employee Retirement Income Security Act of 1974, Public Law 93-406, 88 Stat. 829.
(2) "Benefit" shall mean anything of value payable or distributable to a participant, his spouse, a beneficiary, to a participant's estate or to any other person pursuant to the terms of the plan.
(3) "Beneficiary" shall mean any person, including the participant, entitled to receive benefits under a plan.
(4) "Participant" shall mean an employee or other person entitled to participate and participating or formerly participating in a plan.
(5) "Designation form" shall mean any document by which a plan permits a participant to name a beneficiary to receive plan benefits.
Added by Acts 1976, No. 494, §1.
Frequently Asked Questions About Louisiana § RS 23:651
What does Louisiana Civil Code § RS 23:651 cover?
Section RS 23:651 ("Definitions") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 23:651?
A common citation format is "Louisiana Civil Code § RS 23:651" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 23:651 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.