Louisiana § RS 47:208 - Continuation of partnership
Full text of Louisiana Louisiana Civil Code § RS 47:208 — Continuation of partnership, with citation guidance and answers to common questions.
§ RS 47:208. Continuation of partnership
A. General rule. For purposes of this Chapter, an existing partnership shall be considered as continuing if it is not terminated.
B. Termination.
(1) General rule. For purposes of Subsection A of this Section, a partnership shall be considered as terminated only if:
(a) no part of any business, financial operation, or venture of the partnership continues to be carried on by any of its partners in a partnership, or
(b) within a 12-month period there is a sale or exchange of 50 per cent or more of the total interest in partnership capital and profits.
(2) Special rules.
(a) Merger or consolidations. In the case of the merger or consolidation of two or more partnerships the resulting partnership shall, for purposes of this Section, be considered the continuation of any merging or consolidating partnership whose members own an interest of more than 50 per cent in the capital and profits of the resulting partnership.
(b) Division of a partnership. In the case of a division of a partnership into two or more partnerships, the resulting partnerships (other than any resulting partnership the members of which had an interest of 50 per cent or less in the capital and profits of the prior partnership) shall, for purposes of this Section, be considered a continuation of the prior partnership.
Added by Acts 1958, No. 441, §2.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:208
What does Louisiana Civil Code § RS 47:208 cover?
Section RS 47:208 ("Continuation of partnership") 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 47:208?
A common citation format is "Louisiana Civil Code § RS 47:208" (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 47:208 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.