Louisiana § RS 47:209 - Nonrecognition of gain or loss on contribution
Full text of Louisiana Louisiana Civil Code § RS 47:209 — Nonrecognition of gain or loss on contribution, with citation guidance and answers to common questions.
§ RS 47:209. Nonrecognition of gain or loss on contribution
No gain or loss shall be recognized to a partnership or to any of its partners in the case of a contribution of property to the partnership in exchange for an interest in the partnership.
Added by Acts 1958, No. 441, §2.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 47:209
What does Louisiana Civil Code § RS 47:209 cover?
Section RS 47:209 ("Nonrecognition of gain or loss on contribution") 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 47:209?
A common citation format is "Louisiana Civil Code § RS 47:209" (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 47:209 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.