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You are here: Home / Donations / Donations – Dissolution

Donations – Dissolution

July 30, 2018 By Louisiana Notary Leave a Comment

Donations – Dissolution

Art. 1562. Dissolution for non-fulfillment of suspensive condition or for occurrence of resolutory condition. If a donation is subject to a suspensive condition, the donation is dissolved of right when the condition can no longer be fulfilled. If a donation is subject to a resolutory condition, the occurrence of the condition does not of right operate a dissolution of the donation. It may be dissolved only by consent of the parties or by judicial decree.

Art. 1563. Non-fulfillment of conditions or nonperformance of charges that donee can perform or prevent. If a donation is made on a condition that the donee has the power to perform or prevent, or depends on the performance of a charge by the donee, the non-fulfillment of the condition or the nonperformance of the charge does not, of right, operate a dissolution of the donation. It may be dissolved only by consent of the parties or by judicial decree.

Filed Under: Donations Tagged With: Dissolution

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