When an annuity is established in favor of a natural person, that person must exist or be in utero at the time of the formation of the annuity contract. When an annuity is established in favor of a juridical person, that person must likewise exist at the time of the formation of the annuity contract.
‹ Prev All Louisiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.