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You are here: Home / Donations / Donations – Right of return

Donations – Right of return

July 30, 2018 By Louisiana Notary Leave a Comment

Donations – Right of return

Art. 1532. Stipulation for right of return to donor.The donor may stipulate the right of return of the thing given, either in the case of his surviving the donee only, or in the case·of his surviving the donee and the descendants of the donee. The right may be stipulated only for the advantage of the donor.

Art. 1533. Right of return; effect. The effect of the right of return is that the thing donated returns to the donor free of any alienation, lease, or encumbrance made by the donee or his successors after the donation. The right of return shall not apply, however, to a good faith transferee for value of the thing donated. In such a case, the donee and his successors by gratuitous title are, nevertheless, accountable for the loss sustained by the donor.

Filed Under: Donations Tagged With: Right of return

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